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UTO - U308 Limited

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Not looking good.

NAB is currently showing an opening match price down another 11.6% to 65 cents.

GP
 
Thanks. Sounds good, but I'll keep an eye on the price during the day and see how it goes.

Cheers,
GP
 
Sheesh... down 15.7% to 62 cents with a seller at 60 and the highest bid at 50.

So much for good news.

Fortunately other stocks being up are stopping this making a huge dent in my portfolio, plus the fact I don't have a large quantity of them.

GP
 
Why does webiress say it's up 26%?? System must be a bit wobbly this am.

Very surprised GP that this didn't open up. I mean, any ann of something radioactive in it and sp jumps. Perhaps it hasn't sunk in yet?
 
Dunno. I'm still holding at present but keeping a close eye on it.

GP
 
i wonder why this stock got dumped even though the grade of the Uranium isnt too bad.
how far off is it off peoples expectations?
is any reports on the valuation of this stock?
 
Tomorrow is ex-entitlement day and I suppose that people are expecting
a major drop in price with 33% extra shares being added.
 
Hi all

I have been holding these shares since the Giralia spinoff so recieved most of them for free and topped up later with some extras.

I'm also wondering about the price drop today. I thought it was because the ex-entitlement date was today.

There seems to be a lot of confusion about this. But the second announcement on the 14 Novemeber 2006 seems to suggest that the original date was incorrect.

http://imagesignal.comsec.com.au/asxdata/20061114/pdf/00667732.pdf

but then again I could be totally wrong?
 
UTO was trading ex entitlement all day today. If you go to your trading platform there should be a status note specifying ex.
 
hi all

when this sort of thing happens, ie there are a lot of new shares added to the market, is the price change a natural market driven reflection of this? or does the asx mechanically adjust the price?

bye all
 
Hi Toc-bat]

Are you holding this stock?

Not really sure about the answer to your question but I also wondered why the price drop.

I thought maybe some profit taking and that some sold after the options date.
I guess having that many options on the market would also be having an effect.

However I notice there is an announcement today and the drilling results are expected to be completed by the end of this month.

My plan is to hold this long term. I'm still holding atm. Hopefully the price will stabilise at this level and the coming annoncements will help it go back up again.
 
The ann looks good. The drops over the past few days very unusual. Probably because GP owned it. he he.

Looks like it's going to open only slightly higher.
 
Somebody is trying to buy with $100k at 80c. His order alone is big enough to take in almost the sell queue to 84c. But the next buy is 74.5c. So if the buyer disappears...

So you need to decide whether or not you think this guy knows something good is about to happen, or whether he is just a clown.

fwiw, my money would be on UP.
 

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any one know why it was suspended today? Did I miss some news or something?

anyone else still holding on to this stock?

I've sold mine a while ago, but picked it up again when it's nice and low and during that correction with the market recently.
 

Been in trading halt due to the finalisation of a JORC compliant resource estimate.

Should be open on Tuesday, with the results to be delivered.

Cheers
 
I am very disappointed by this company, price has dropped for 2 months. The result is not good enough to drive the price up. Terrible...........

I dont know what the managing team is doing and it looks like they dont do good enough.......



Is there anyone that has any idea about it?
 
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