Australian (ASX) Stock Market Forum

SRK - Strike Resources

Joined
1 February 2006
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SRK - seems promising given that the Uranium sector is extremely bullish at the moment.
Some similarities to SMM, ENR and even PDN. Big gap in the sellers. Im going to pick some up.
 
Up nearly 5% already this morning. This one could indeed go for a run similar to some of the other Uranium stocks, (ENR, SMM etc). Uranium is indeed the raging bull, but its not all hype, it does have the fundamentals behind it (Uranium price, supply demand, China / India demand)
 
Worth a look at today, trading very low down heavily to 0.30c.

Stock has been in the high 30s even late last week. Could be an excellent chance to nab a short 20% return on a rebound back to 0.36c or higher, especially when they have news coming out this month.
 
Do some research on the Khan bros incorporate!

Dodgy brothers

Just look at what happened to FAST SCOUT
and their attempt to do a corporate raid on Biota
 
Look at the sellers - there arent many!
Went up a bit yesterday as there was noone selling, suspect the same to happen today.
 
Strong Buy support, up 1% today so far. Sellers are spread. The new price benchmark for this stock now seems to have been set, as there is now concrete tangible business (see news - peru) as well as strong potential business.
 
Significant volume on this stock today, lots of interest. 3rd highest volume for it ever and day not over. Other times with this volume the stock has shot up.
 
Yep, as suggested, SRK is making a run today, its volume is already nearly up on yesterdays high volumes.
Too bad it didnt get there yesterday so I could take out the stock tip comp!
 
hmm I think given the activity and volumes over the last 2 days some news is about to hit.
 
Volume is about to hit 1 Million by midday. Every other time it has done this it seems the stock has closed significantly up and open higher the next day.
 
Hit 0.60c very quickly this morning, has now dropped back to 0.575 which is a good opportunity to enter in my opinion. I think this could hit in the 70's quickly from looking at the seller spread.
 
significant news on this stock with the pending aquisition of a controlling 51% stake in iron / ore mining in Peru. These commodities are in demand and this is unlikely to subside. Add to this its local Uranium potential this stock has some strong unerlying fundamentals and is still very affordable, potential for big gains in the short to medium term.
 
and up 3% today, in fact they are well positioned now with the recent hikes in resources and their new project.
 
More upward movement today, no real reason... that the market is yet aware of anyway.
Stocks like this are good to get in on when they are doing this, as small gains in dollar and cents values can equal large % gains, especially when the next bit of info is released to the market. eg 6c is 10%.
 
Nicks said:
More upward movement today, no real reason... that the market is yet aware of anyway.
Stocks like this are good to get in on when they are doing this, as small gains in dollar and cents values can equal large % gains, especially when the next bit of info is released to the market. eg 6c is 10%.

I still suspect someone is buying up or some announcement is coming. There are big gaps in the sellers, ie not many sellers, so the price jumps and movements could be big and fast.
 
I picked these up around 0.30 and was thinking of selling. Do you think i should hold off for a bit ?

can you explain why you think there is some announcement comming ?
 
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