My fellow traders as martis has been in extradition for years he...

My fellow traders as martis has been in extradition for years he has now been allowed back...thanxs to nine lives and admin..

Ura is on my watchlist as a very attractive spec stock..
My opinion towards the recent sell off is firstly traders taking a tax loss on ura.. as it has been falling rapidly due to delays.. As we await manganese results.. management has gone ahead with the purchase of the manganese project..doing this suggests to me that they are confident in the final ore grade results..once we get the grades..i can only assume that there will be a plethora of ann.. released as they fast track the project ..
Money raised is of no issues as stock outstanding is at the low range of a spec stock...Now considering ura is only valued by the market at 5mill and a project with potential revenues 3 times that... one can only think that once grades are released a re-rating should be on the cards..

On the technical front many disregard the weekly chart...a contracted view in depth sees a very lovely bump and run formation depicted..drawing a line from the height of the 2008 peak projected across all lower highs one could clearly see that we have not broken out yet..and that the stock is only going through a process...The study of bump and run formations is a reliable phenomena..consider the volume on the rises and the volume on the falls all text book behaviour...From current levels i can see a retest of .035 in coming weeks...a break above .035 will confirm that we now have a break out and the projected rise is the difference between the deepest bump giving us a projected price rise towards .08cents.