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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$3.16 |
Change
-0.490(13.4%) |
Mkt cap ! $1.321B |
Open | High | Low | Value | Volume |
$3.40 | $3.43 | $3.16 | $19.14M | 5.873M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 49672 | $3.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.17 | 35618 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 44126 | 3.170 |
21 | 98668 | 3.160 |
34 | 112777 | 3.150 |
14 | 51480 | 3.140 |
10 | 39460 | 3.130 |
Price($) | Vol. | No. |
---|---|---|
3.180 | 22780 | 35 |
3.190 | 50091 | 45 |
3.200 | 102799 | 24 |
3.210 | 102051 | 19 |
3.220 | 46969 | 14 |
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