I thought i might move your last post over to this thread just in case the "i like pussy" thread disappears....anyway here is what you said
Hey Pussy, it is called an undervalued SA U stock....
Here is an interesting fact....
It listed at the start of November at 25c.... (the IPO price, btw it was the largest U float ever in Australia at the time raising $14 Million) and at that time U was about $55 lb....
Well, now, it is 42c and U is $113 lb....
The U price has more than doubled, but the SP has not doubled..... (it really should have quadrupled if the metal price has doubled)
ERO has been a bit of a forgotten child, but the love is starting to flow.... I wondered the same when CUY was 55c a few months ago. Today it is $2.40...
Patience is the key..... The same is happening with MXR... it too broke out today (and has a heap upside IMHO)
well looks like today it had its day in the sun its been going from strength to strength since its last announcement
anyway todays wrap up in mining news
After a positive run on the bourse yesterday following the Australian Labor Party's overturning of its "no new mines" policy, nearly all the uranium stocks that posted gains lost most of them in today's session.
Alliance Resources and Arafura Resources – which topped Final Call's uranium watch list yesterday – slid into negative territory, shedding 13c (4.7%) to $2.66 and 16c (8.5%) to $1.72, respectively.
Other uranium stocks that fell today included Marathon Resources, down 55c (9.5%) at $5.23, Giralia Resources, which dropped 6c (7.5%) to 74c and Toro Energy, which lost 9c (7%) to $1.19.
Uranium producer Paladin Resources continued its downward slump from yesterday, shedding a further 34c (3.5%) to finish at $9.26, and Bannerman Resources closed down an additional 18c (5.3%) to $3.24. However, there were those that bucked the downward trend: Eromanga Uranium jumped 5.5c (15.1%) to 42c while Newera Uranium's newly announced increased landholding in the Harts Ranges in the Northern Territory saw its share price add 3c (9.5%) to 34.5c.
"It's going to be a little bit volatile [for uranium stocks] but it's a huge part of that overall political posturing that we're getting at the moment, so stocks are kind of responding to that in the shorter term," ABN Amro Morgans analyst Bill Chatterton told Final Call.
Resources stocks in general followed the path of their uranium counterparts, with profit-taking ruling much of the action in today's session
ERO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
