I dont think this is a play purely on copper prices, imho I think this is going to be a management buy out which I think would be the cheapest entry into gaining access to the whole of URL's tennements.
These guys have got the gambit from copper, rare earths and uranium and todays price action wasnt based on base metal prices.
The nibbling of share price was extremely solid today and if you were expecting a dump , I feel that it wont happen as the negativity is coming from past share holders experience knowing that it was a "dog" not living up to expectations ( how many times has that occured in the mrkts), the volume has been astronomical compared to what took place during 2006 the hight of copper prices and Uranium, anyway, what better time to strike when sentiment is the way it is now.
DYOR
URL Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held