i'm starting to wander about you rupe?
we are talking about an 11 mill mc coy at last count,
with an expaning U resource.
There is no doubt this coy is well oversold and undervalued.
The dillution by the 50 mill options deal which was on the nose, wont come into effect until the they are in the money. So this would mean a 50% rally just for this to take effect.
Which includes a 1 for 2 for the head holders as well.
It comes back to fundementals, and this one is way oversold for its resource.
But yes, it requires a sentiment swing for the bucks to start flowing back into the sp.
Several other U stocks have began to rally, heck, BMN and PDN both rallied on a dow 358 pt fall, and have been rallying all week, why? U sentiment is returning positive.
Spin? Not required, just let the spot rally. Thats where the sentiment lives for the sector.
cheers
CTS
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