Looks like we are having a bit of a stale bull sale! Maybe some locking in profits from the last run
If we consider the fundamentals, WAS looks to me to be a great buy at these prices:
Besides their many energy investments ,they will soon be a substantial holder in Rum Jungle Uranium.
To me the market has missed this low entry opportunity.
*$4 million plus in bank (cashed up after oppie conversions *Large shareholder in Aviva (coal mine & power station) *Holds convertable otes in Exergy Inc (thermal energy patents & contracts) *J/V with Daniels Corus Steel maker *J/V in a bio-diesel project *J/V in Lilyburt Coal project in Canada
*Rum Jungle Uranium:
Woolner Dome project Alice Springs EL's Rum Jumgle (CRE j/v) Tenant Creek (CRE j/v) Additional leases to be added
Seek new listing: Rum Jungle uranium.
It looks like it might touch the "clutter of the 4.7/4.8 mark where it traded in December ... but with IPO details about to come out, I dont think traders/ and investors will let it drop below that
Might be some nice bottom feeding opportunities around
cheers
WAS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held