I've always held the notion with URA that I would stick with my core holding, and grab more after the grades are released if they are good.
On this basis, I won't be topping up before the grades are released, and if the grades are good and I decide to top up, I will get my alloted rights issue shares and probably a few more on market if the price is right for me.
I have to stress that URA is still a speculative stock. Nothing is certain in this environment, so even though I quite liked reading today's announcements, I won't get too attached to the stock if the grades just don't stack up at the final hurdle.
Having said that, I have cash ready to go that I can buy in with to make sure I get full value out of this stock. It has the potential to quite easily be a 2-3 bagger in the next few months.
URA Price at posting:
3.8¢ Sentiment: None Disclosure: Held
