Just a bit of profit taking while drilling is underway, perfectly healthy really. Considering the rise UXA has gone through in the past month it is a good sign that the trading range is between 40 and 50c, indicating consolidation. I sold my UNX on open a couple days back (one of the lucky ones for a change) and grabbed more UXAO as it has dropped. I'm guessing there are a fair few punters with free oppies from the IPO ditching them at this stage, which makes for some bargain shopping. Anyone else share this theory?
profit taking
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