Here are some statistics for the day:Total Trades: 488Total...

Here are some statistics for the day:
Total Trades: 488
Total Volume: 4,905,945
Last Trade: 41
VWAP (Volume Weighted Average Price): 48.97

Pre-Sell Down Trades
2,564,743 Shares traded @ 0.526

Post-Sell Down Trades
1,737,056 Shares traded @ 0.441

IMHO, the final 30 minutes of trade was panic selling at its finest. The results of the election were already known, yet some people were still happily buying above 50 cents, and a few of the orders were around 100k. Over 2.5 million shares changed hands at an average price of 52.6 cents before the sell down began. After 50 cents was broken the buy side looked very weak as some of the large orders (possibly props) had been removed. This then lead to some heavy selling pressure with many stop losses being hit and an avalanche of selling ensuing. In all, about 1.7 million shares where traded at an average price of 0.441.

Some people are speculating that a large UK based uranium company has got involved via the recent placement. They would not get involved without being fairly confident that this project is viable and has the potential to move forward.

I am personally not convinced that it is over. I will await further information from the company.

The speculative end of the market has some real sharks. Always trust your own judgement and instinct. Make sure you DYOR and only invest what you can afford to lose. Good luck all fellow holders, although I’m confident that we won’t need it. =)