They have no income. They have no inventory. They are nearly out of cash. Their ISL mines are shut down. They have liabilities in Tx. They are spending on themselves like drunken sailors. They have had 8 or 9 straight quarterly losses. The price of U makes mining unprofitable. Half of the company's market cap has vaporized while it has been "buy the dips" over the last 6 months. Thier entire ore body in NM is at the mercy of the courts.
N1 says "fire up the nukes" and the TA boys say "looks like a bottom to me". Traders...don't cha just love em.
URRE is 3 months from an ".OB" suffix if the ".Q" suffix doesn't get their first.
The new nuclear endorsement by the US government is a powerful signal around the world that nuclear power is coming back in form of clean energy.
Those who understand the vital importance of securing our own natural resources in uranium should come to the conclusion, that the present demand is only a small part of the value equation.
It is time to set your stakes and smart folks set their stakes before others do.
The US will not create after the oil dependance debacle another uranium dependance debacle. Other countries know what they have in the ground and the time for cheap exploitation of the resources of others are over.
I have a friend a former nuclear engineer who followed his fathers long attempts to explain how important nuclear energy is in the overall picture of energy supply . Those familiar with the coming energy crises should be able to see my point.
You may be right there FIGHTERPILOT. We may end up needing a national source of Uranium, but it's gonna be the enriched kind. And not for powerplants. We will soon regret disassembling our 61's. And if you're really a fighter pilot you'll know what that is.
The article released on 1/14/10 with statement like this "Because of the upswing in uranium prices, some places are seeing a mining boom" is BS. The spot price is stuck in $40-$50 range since mid 2008, that makes every mining company produce and selling Uranium at loss. Another meadia pumper with no sense of reality. I still hold URRE shares at $3 and see no future of an Uranium boom return.