I've been wondering when some volume will come into UNV as that will clearly be what drives the share price.
I have just become aware of a small gold producer called Doray Minerals where I am considering a position.
I took a look at their chart, and their share was trending in a smallish range on low volume like UNV is. As they were building up to the first quarter where they were cashflow positive, the share price has taken off, and volume has shot up.
I'm hoping something similar will happen to UNV that once expectations on positive cashflows come in, then I expect interest to really grow in UNV.
I guess my summation on the above is that maybe we will be waiting for another 6 months before we get the rise. I won't be selling even if it could stay stagnant for a while, as it could move at any time. Considering a top up though.
UNV Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held