I agree that long term contract prices are more relevent (the spot market is quite illiquid) but sentiment plays a big part in driving investor sentiment towards U308 miners (particularly those effected by concerns of prject economic feasibilty) as too many investors take a short term view imho.
Avera connection is key here (MEY) imho. Ask yourself why would they go out of their wat to swap assests with polo for a 'strategic stake' at around 18c (i think) if they didnt think their was any value here?
I wish I had some more free cash at the moment as I have a sneaking feeling and will stick my neck out in predicting MEY they will bounce strong tonight (im in the UK) - back to 16c or better?
D
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Last
29.5¢ |
Change
-0.015(4.84%) |
Mkt cap ! $113.7M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 29.5¢ | $52.49K | 175.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19000 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 8167 | 1 |
View Market Depth
| Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
| EL8 (ASX) Chart |