David Haselhurst's Speculator column in The Bulletin magazine has picked CTS as its buy of the week.
The magazine hits the streets Wednesday.
As a regular Speculator reader I doubt this caused yesterday's rises as the magazine wasn't out. The rises fairly often come after publication (tho far from infallibly) but never before publication in my experience.
I think MJSJ (below) fingered the likely answer:
"Market reacting to Kyrgyzstan news where Urasia Energy & Uranium One have announced a JV. CTS is on the same strike with localised anomalies grading (0.1-0.7% Ur.) My calculations indicate a $2.5 NPV, not taking into account any upside."
CTS looks set for some further rises this week and beyond. Its alltime top of .70 is now just 1.5 cents away, and it would be surprising if it wasn't taken out shortly.
After that, a nice breakaway would seem to be a possibility.
The Speculator bought the options BTW, though probably most readers won't have options accounts and will buy the shares.
CTS
contact uranium limited
