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
I agree that long term contract prices are more relevent (the...
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35.0¢ |
Change
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Mkt cap ! $107.9M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 34.0¢ | $82.19K | 237.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 233562 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 105836 | 9 |
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| EL8 (ASX) Chart |