I have been around the periphery of this stock for a while, but unfortunately had my $ stuck in other stocks. I am aware of NTU's previous highs at around 0.40,and that LYC is a major holder. Although I am not a chartist by any stretch of the imagination, I note the small breakout today. I have looked through their investor presentation from today, and really can't pick where the SP growth will come from in the short term. Uranium drilling now. Drilling Browns 2011 (when?). And exploring John Galt Q1 2011. No matter what is found, surely there will be massive timeframes to production, and multiple CR's. And of course the dreaded T/O. So where to from here. Yes is a speccy. Yes RE's are the flavour of the month, so we will see interest in this one. But how far can this go on pretty much no cashflow other then CR, T/O or tenement sales? And where is the SP growth going to come from? Not looking to down ramp. Just can't see where this one is going. As you can see i don't hold NTU (except through LYC ;) ) Any comments appreciated.
NTU Price at posting:
33.5¢ Sentiment: None Disclosure: Not Held
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