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ION - Iondrive Limited

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Just thought I would ask people on their view of this stock as it rose from 40c to 54.5 in the last week.

They are into Uranium as well.....

T
 
tmallie said:
Just thought I would ask people on their view of this stock as it rose from 40c to 54.5 in the last week.

They are into Uranium as well.....

T
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It is one of the original uranium stocks with share price still below $1. I cannot figure it out what this company is up to, but I do received a notice about uranium spin-off. I just passively hold this for a while already, hope it can find a pile of uranium, gold, copper, zinc, nickel, or anything by accident.
 
It looks like they are trying to find anything and everything!

Last announcement they found Nickel.

I hope they find something worthwhile..........if and when I get in.
 
People are buying this stock to get the priority offer for the uranium spin-off. Maybe there is an opportunity for short-term trading.
 
Guys how do you think the southern uranium ipo will fair? is it going to go along the lines of eromanga uranium which set out to raise similar amounts of capital circa $14 million, and has sense done nothing in terms of sp. might be a marketable name more than anything else. thoughts?
 
windwalker said:
Bought it in the 'flyer' portfolio, watching with interest :D
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Without uranium hype, I don't know what is attraction of SAU, it becomes one of the 1000s of small precious metal/base metal plays. Can't bet your house on it. In stead bet a bunch of them, and hope one of them become 10 bagger or better, such as CDU by become the darling of day-traders, or find something by accident, or by boosting results..... Surly the rest might drafting up and down without any direction.

I play such game with iron ore companies. I bet equal money on CFE, GWRO, MMX, MGX, GBG... In less than 12 months, GWRO become almost 10 bagger, MMX almost tripled, while CFE, MMX and GMX are all drafting down a bit.

But overall this strategy can easily beat ASX200 by a big margin. It is fun to cash in the winners, but the dreadful feeling to hold a bunch of small directionless mining companies is so depressing.....
 
This ones an interesting one.
Market cap of about $30million.
Will own ~40% of SNU, whose market cap is $23million at the offer price.

If SNU does a NUP and goes to $1 quickly, then SAU's stake in this asset alone is worth 79cps.

And dont forget SAUs other prospective projects, in gold/nickel and they are keeping 2 uranium projects for themselves.

Talbot and CITIC are major shareholders in SNU - these guys took a stake in MTN when it was about $1.

Very suprising to see SAU in the 40s, I may have to pick up a few on market.
 
Looks like the market is getting ready for SNU after seeing NUP/ARU yesterday.
Buyers keen this morning.
 
If SNU was to fly, shouldn't SAU be trading higher? Thats my logic...but who knows, market is not rational.
 
Halba said:
If SNU was to fly, shouldn't SAU be trading higher? Thats my logic...but who knows, market is not rational.
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Its starting to :D

But even if SNU flies - this could just stay static.

Look at how long the JRL/EME discount has been there - for several months.
 
What beats me is that there is nothing new. The only thing that changed since last week is that the float date for SNU is closer. I am a holder of both but don't see any reason for the increase in in SAU to-day except follow the leader.
 
Markets saying: Lets go to the next level :D

New highs next week when SNU floats in my opinion. :cool:
 
Glenhaven said:
Hope you are right. I just have trouble when I see no real reasons for the increase.
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LOL why waste time looking for reasons.
Just finds what going up, look at volume, if minimal overhead resistance you jump on.

Simple really.

If its going up you will make money whether theres a reason or not. And if there is a reason it doesnt have to make sense. The market can stay irrational longer than you can stay solvent. Try to exploit it.
 
May have hit the bottom, looks like a reversal at the .40 cent support line. With gold looking to break $700 US an ounce could be a good move up again.
 
Big Gains so far today for this stock. up 20%. what would cause this? im lucky i bought at 26c, i hope they stay up.

Open 0.2800
High 0.3350
 
ISMON said:
Big Gains so far today for this stock. up 20%. what would cause this? im lucky i bought at 26c, i hope they stay up.

Open 0.2800
High 0.3350
Click to expand...

Good for you, I climbed back in yesterday at .28 Was very oversold in my view and it is indicated that some positive results are due out soon.

Yes a good break on the chart today.
 

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