Tuesday, February 14, 2012

Plenty of Action!

The ASX 200 was much weaker today with the indice down 1% or just over 42 points.  Isn't it interesting now that the Greek bailout has been passed by their parliament that the negative headlines are once again coming out again?  Today I read all the negatives such as the rioting in the streets of Athens and that Greece will still have an orderly default by the end of year.

Back in the small cap space there is still plenty happening!  Confidence has definitely come back in this area.

Maverick Drilling (MAD) had its first down day in almost a week.  The stock closed down $0.03 to $0.69 after shooting to a high of $0.835 earlier in the day after responding to an ASX price query.  In what must have been the longest response I have ever seen (4 pages) the cites many reasons including broker research, publications and past announcements.

In the uranium sector Uranex Limited (UNX) was up 32.% to $0.45 on volume of 2.4 million units.  The company is currently in discussions with unnamed Chinese parties regarding joint ventures for its Uranium project in Tanzania.  Fellow uranium Alliance Resouces (AGS) was also strong and up $0.05 to $0.41.

No comments:

Post a Comment