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Uranium Resources, Inc. (URRE) Message Board

  • lowmanifoldpressureshortstack lowmanifoldpressureshortstack Dec 9, 2008 6:31 PM Flag

    Uranium drilling to start post-winter

    "Uranium drilling to start post-winter"

    What year, 2020?

    These guys are a piece a work!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • this stock is high risk and also high reward....if you are risk averse, then you have plenty of other options....if you can hold for a year, then you will see big swings from today's value....I don't think it is a short term trade, although I would prefer to cash early myself too

      • 1 Reply to lubost
      • Problem is, URRE doesn't have enough cash to last a year (or longer); they run dry at the end of Oct. 2009 --- see latest filed reports, under quarterly cash flows. On Sept. 30, 2008, they had $13M and were burning cash at the rate of $1M a month (down slightly from $1.35M per month in previous quarters due to cost reduction efforts that are now complete).

        It will be a race to the finish line between cash and recovery of the economy. The spot price of URRE will have almost no effect in this terrible economic and market environment. Fear and panic have taken over. Most economists believe that recovery will take at least 9-12 months in the U.S. and longer worldwide.

 
URRE
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