Hi Deeman
Could be a few reasons -
Simple answer: Large punters took a position a few days back in anticipation of a run on the back of AUM - took profits today. I discount that if they has put their cash into AUM they would have heaps more!! Also it was poorly done.
More complex answer: The FS due out soon will be positive IMO. URL have a FANTASTIC project there with large untapped land still to explore. Xtrata already have a finger in the pie. Either them, someone associated with them, or another party wants a position & AUM's run has forced them to halt URL's share price. It was as blatant as hell this AM that this was being stopped.
Of the 2 companies AUM & URL, URL is IMO the better investment - AUM is the better trade ATM.
If you are long on URL then smile - all is good. If you are short term then a bit frustrating.
Yes I do hold
cheers
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