I have been watching this one and my broker suggested it around 0.10c for the longer term ( as a uranium play which is only expected to "come of age in 2015')
But the HUGE buy volumes and 'quite accumulation in this one is VERY VERY interesting indeed'
VOLUMES ALWAYS LEAD PRICE - volume is the fuel if price is the car ( without volume the price will not rise) - seems to me the smart money is getting in early in these beaten down "quality asset" uranium explorers soon to be producers ( within 2-3yrs)
With more than 50% of the shares held by Cape Lambert and the Qui brothers and another 15% by management this is a tightly held share so getting in early is probably the best way to get in!! Quietly before the crowd!!
I have bought more ( another 100k) and do own this stock!
Definitely one to watch for a breakout above 0.18c -0.20c ( the 200dma) The weekly longer term chart already shows a break above the 50% RSI level on big volumes which is usually bullish going forward!
:-)
CXU Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
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