Looks like a small correction due it has been a bit of arush from 1.135 to 1.40 so a pullback to 1.30 wouldn't surprise but there should be good support around thereabouts as the buyers have recognised the longer term embedded value in this stock. But traders may just take the extraordinary gains off the table for bit before we see another leg up past 1.50.
There had been a loss of confidence in AWE management to deliver exploration results so it'll take a while for that to rebuild but I reckon the longer term future looks ok for the patient. We had a bounce to around the 1.40s before and lost the momentum so this time I expect some of the same yet.
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