poor response

  1. 4,863 Posts.
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    only invested in URA in recent days after following Balilow across yet another stock.

    I must admit that the response to the capital raising and mining results has been somewhat disappointing. I would have thought that the sp would have formed a base at 2.8c as a starting point.

    Unless there is a push to move the sp to 2.8c and beyond shareholders may not subscribe to the offer as the current level at 2.3-2.4c is more inviting and offers potential short term gains.

    Maybe the market is in limbo as financial year end trades are clearing unwanted positions and tax losses? Lack of interest from the big boys is alo not assisting small cap companies.

    Anyway i will continue to hold and see how URA will stimulate interest. Surely there are some cards yet to be played?
 
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