In the bigger scheme of things, a month or 2 of cyclically soft share prices pales into insignificance when viewed over the whole commodity cycle when it is in uptrend..
I added in the mid $4.20s quite a few weeks ago. I quite deliberately also retained some dry powder just in case better buying was on offer. No crystal ball here, just reading the tea leaves that a lot of people have made a lot of money in recent years and a lot of recent arrivals have lost a lot of money.
It does not take much of an IQ to weigh up who the sellers are.
Having added below $4, a week or so back, I am back at the well again today, filling in the mid $3.90s. Quite heavily today as volumes ramped up and there are only 4 sleeps left to FY 2024.
PDN stole the limelight today with its announcment and trading halt. As a holder of plenty, I understand the SP might be soft over there for a while as well. Taking a bit off the table over $17.00 ($1.70 in the old currency) I am not intending to top up as I consider the better value now lies with BOE. I think we will see $6 again within 12 months that sort of near term return has now well passed PDN.
It is a great time to be in the U308 space, but that does not make it easier to make money. That requires capital, a plan, implementation, patience (long time horizon) and a little dose of luck that the industry fundamentals remain stable.
Am hoping all posters here, have the necessary ingredients for success.
GLTASH
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Last
$4.01 |
Change
-0.050(1.23%) |
Mkt cap ! $1.640B |
Open | High | Low | Value | Volume |
$4.00 | $4.02 | $3.96 | $7.935M | 1.987M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 22238 | $4.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.02 | 22594 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 484 | 4.020 |
2 | 10098 | 4.010 |
4 | 3653 | 4.000 |
1 | 3068 | 3.990 |
2 | 3880 | 3.980 |
Price($) | Vol. | No. |
---|---|---|
3.810 | 4659 | 1 |
3.890 | 25 | 1 |
3.910 | 327 | 1 |
3.930 | 317 | 1 |
4.000 | 3500 | 2 |
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