KAH is up on fairly big volume. I am not sure which market is leading but yesterday's EXT action is just too obvious for the accumulator/s. The latest shorts volume as you pointed out is 45% of turnover. Volume analysis fairly useless because floating stock is so low % of the total.
It would be so silly to sell out now even with the troubles of Fukushima, EU, US. We are not in PDN/ERA stock specific fundamental turmoil and the weight of time do not diminish the attractiveness of the resource. On the contrary, 30+% resource upgrade, Z3 Z4 infill/extension drilling, MORE program, Megaton to megawatts expiry, mining licience just to name a few that can increase the valuation of the asset.
I think I can wait...
EXT Price at posting:
$8.25 Sentiment: Buy Disclosure: Held
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