I made a post here about 3 months ago here (https://www.reddit.com/r/UraniumSqueeze/comments/1okpl0f/what\_are\_your\_thoughts\_on\_this\_uranium\_stock/). I was pretty annoyed that i watched it go from my buy at .024 up to .040 and then back down again because of that cap raise. felt like i misread the whole thing and should have just taken the 60% profit and ran.
But, I held and ended up buying dips over the last few months and managed to keep increasing my position while holding my average around 2.4c to 2.5c mark.
Since my last post
* **the pilot plant is actually built:** they just finished construction on the samphire plant and it was actually on time and under budget (shocker for an asx junior). they are starting the field trials in february which is only a few weeks away.
* **the cash situation:** one of the things that worried me was them running out of money and doing another cap raise that would kill the price again. but they just sold off those non-core NT projects to devex for $7.5 million. plus they still have over $20m in the bank. so they are cashed up for now.
* **the trial results:** we are going to get the recovery results in march. if the ISR chemistry works like they say it will, the stock probably wont stay at these levels for long.
The price is sitting around .038/.039 now which has happened over the last few weeks and has seem to have held.
Did anyone else buy into this one or trade it? I feel 2027 will be the year this pops while 2026 will have a few ups and downs depending on the trial results.