It has been discussed in previous threads that INgot is the reason behind the big buying happening. They are very very close to the 20% ownership mark which means a take over offer must be tabled.
Maybe they are trying to pick this company on the cheap? REU does have some very very nice assets.
Anwyays i also believe that theres some more upwards action in the SP. may see .25 by next friday.
REU is a buy for two reasons, short term gains can be made, and the upside potential of divies in 2009 will be greater than the current sp.
REU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held