This is from their 10K report.
"To date, our primary source of funds has been equity investments, and this trend is expected to continue together with production related financing when our mine development permitting is complete. We believe we have sufficient cash to continue our exploration and planning and to meet on-going operating expenses for the next twelve months, and beyond, as we scale our operations to the resources we have available. We anticipate that any additional funding may be in the form of equity financing from the sale of our common stock and the exercise of share purchase options or debt, depending on capital markets. In this connection, we are proposing to increase the options available in our stock option plan from 10,000,000 to 30,000,000 and increase our authorized common shares from 200,000,000 to 750,000,000."
Knowing this, why would we want to keep our shares now? Wouldn't it be wiser to wait until they dilute, and also wait until 2013 when they will start earning income?
<< Wouldn't it be wiser to wait until they dilute, and also wait until 2013 when they will start earning income? >>
I've been hearing that tune for many years now. They were supposed to start production in early 2010. How did this new date arrive? Probably the same way the last one did, made out of thin air.
"Addition to Russell won't do much short term IMHO."
Are you kidding me???? large funds will be forced to buy on rebalancing day....we could see 20 - 30% in one day. Go look at the chart for the last time URZ was added.
Shorts will be covering leading up to this and the day off.
Watch and learn junior.