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http://investingnews.com/daily/resource-investing/energy-investing/uranium-investing/uranium-outlook-companies/ "INN: What do you expect for the uranium market in 2017? TOC: For uranium, you can sense the bottom is here. No producers can make money at current spot uranium price and demand will continue to increase due to new reactor builds and more re-starts expected in Japan. Existing and future producers are starting to contract again, at above $40 per pound prices, which is well above both the published spot, and term uranium prices CP: Leading indicators are pointing to a resurgent bull market. The downturn we have been through has seen little invested in new supply and less in exploration than should have been and this coupled with an improving global outlook for business growth suggests to me that we may be about to enter a bull market that may put the last one in the shade."
Interest in uranium stocks picking up interest too with this up and the URA ETF in the US strong over the past few sessions. Amanda Van Dyke bullish on uranium in this video today (from 7:19) https://www.youtube.com/watch?v=BvBHTe4CSlY
Yes, basically a load of stock that the MMs hold or is being fed to the MMs by a seller. There's been plenty of buying as evidenced by the prints, yet price hasn't moved upwards so it makes sense to assume that this buying is being absorbed by the supply held by the MMs. Price will rise when demand exceeds supply but for now that excess supply is holding price back.
Stock overhang perhaps.
Just re-reading the late November update and the tone is very bullish indeed. "The Company enters 2017 with tremendous scope for both organic and acquisitive growth, both within existing markets and new territories. High levels of recurring revenue, increasing economies of scale and largely fixed overheads mean the Company is now structured to deliver significant revenue growth, high levels of operational gearing and strong cash generation over the next twelve months." .... "We have enjoyed a tremendous 2016: customer numbers have more than trebled, new products have increased the scale of the opportunity, and we have started to create a truly global operating footprint. Given the plans that we have in place, I look forward to an even better 2017." --- And then on the back of that the CTO buying almost £200k worth of stock a few weeks later certainly shows where management views the share price heading.
Looking at all these recent director purchases, Martin Davison is certainly very keen on the shares - http://www.directorsholdings.com/company/OCT/Octagonal%20Plc#company-deals
Schroders just bought 4 million by the looks of it http://www.investegate.co.uk/crawshaw-group-plc--craw-/rns/holding-s--in-company/201612191520172749S
http://www.sharesmagazine.co.uk/article/central-asia-metals-fired-up-by-growth-plan
"The attack on Tesco Bank should finally be the tipping point for businesses to take cyber security as seriously as they should and to think of it as a business imperative rather than just an IT problem" ttp://www.computerweekly.com/news/450402510/Tesco-Bank-theft-shows-need-to-take-cyber-security-more-seriously
http://www.iii.co.uk/articles/366277/heres-stock-great-momentum