MNS 0.00% 4.2¢ magnis energy technologies ltd

Thanks for the articles Matt...most Uranium stocks were up...

  1. 798 Posts.
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    Thanks for the articles Matt...most Uranium stocks were up slightly today. Our SP is suffering in part due to falling coal and uranium prices but also due to a lack of confidence in the business itself. Key to this was the stop loss triggered by Diggers and Drillers. However we should take note of another D & D stock that had a sell placed on it at the same time UNX did and that was POK. It went into freefall and settled at 24c about 75% of its peak. If you look at it today it has clawed itself back to 50c and if its project in Utah comes off it will hit $ 1.00. So my advice is don't despair and look at the current SP as a buying opportunity. A couple of good drill results and a bounce in uranium prices will send this stock back up to where it should be.
 
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