The issue for shorters is the CR is't desperate and there will be alternative options.
The second issue is the stock is heading past $2 so any CR in the near future will only require half the dilution of pre christmas.
The third issue is theres 65m shorts that need covering and every price increase in the SP adds a bit more salt to the wound and at some stage they will resign to the fact they are screwed and call it quits.
The fourth issue theres no good news on the supply side for the bears to mount a case. The fact is the supply shortages are going to be greater than expected and underpin a higher U price.
The 5th issue is the rising U price will keep attracting investors to all parts of the sector from EFT's, stocks, R&D, M&A and investment into new mines.
The 6th issue is its not a big sector and doesn't take much cash to make everyrhing move.
The 7th issue the climate movement has joined in and will want to make sure they get their cut and will be supporting and promoting the benefits.
The 8th issue is the USA-Russian postering will keep this front and centre. The USA cant cut Russian imports and are screwed but Putin may pull the pin.
I learnt 20 years ago not to stand in front of a bull, you will get hurt, its not if but when. Looking for 10-15% retraces while 30-50% upward movements are taking place is bloody hard.
The trend is your friend rings loud and clear here.
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Last
$1.56 |
Change
-0.080(4.88%) |
Mkt cap ! $1.511B |
Open | High | Low | Value | Volume |
$1.60 | $1.61 | $1.54 | $8.803M | 5.620M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 27732 | $1.56 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.57 | 38160 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 27732 | 1.555 |
5 | 91571 | 1.550 |
7 | 69068 | 1.545 |
7 | 127593 | 1.540 |
4 | 74186 | 1.535 |
Price($) | Vol. | No. |
---|---|---|
1.565 | 38160 | 4 |
1.570 | 66885 | 6 |
1.575 | 57459 | 3 |
1.580 | 91177 | 12 |
1.585 | 58883 | 4 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$1.56 |
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Change
-0.080 ( 5.11 %) |
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Open | High | Low | Volume | ||
$1.63 | $1.63 | $1.55 | 1849504 | ||
Last updated 15.59pm 05/06/2024 ? |
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