One of the shares we like and hold is the tiny OFEX Uranium exploration company Agricola Resources. But it looks like all hell has broken loose due to a spat over at one of the tipsheets.
Apparently one of the tipsters who's been tipping Agricola has left the tipping company and therefore all his picks have had 'sell' recommendations placed on them. This pushed Agricola's share price down by 40% yesterday and nearly another 10% today!
But things look good for the company with some recent assay results from its uranium claim in Northern Finland. While we can understand people selling a company whose stock is down 10%-20% why would anyone sell at 30% lower when NOTHING has changed with the company.
Just proves how desperate and unsophisticated many of these private punters are. Still, their loss could be a great opportunity and we've therefore been a good buyer this morning in Agricola.
Keep a close eye on this stock because if things turn out well and the nuclear power talk gets heavier, the share price could easily top 10p.
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