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Uranium Resources, Inc. (URRE) Message Board

  • hot_hipps hot_hipps Sep 1, 2010 11:36 PM Flag

    Little has changed

    Still no revenue.
    Uranium is still in the low to mid 40's.
    The six of them are still suckin' it dry.
    They're still spending $2M+ a quarter, no change.
    They still don't plan on having anything to sell for another 7 or 8 quarters.
    They still have a giant mess in Texas, no change.
    They own no more ore than they did 6,12 or 24 months ago, no change.
    And of the 100M+ pounds of ore in NM, VanHorn says only about 6% of it is recoverable.
    They still face a potential supreme court action.
    And they diluted their owners by about 41% if ya count both times.

    Granted, on the up side, they did get a favorable ruling out of the 10th court.

    URI is as broken today as it was 2 years ago.
    The marketplace didn't push the price of this thing up....the "quality microcap investment firm" MM did.
    Who knows what Roth Capital is going to do with it, but if the marketplace only thought it was worth 39c just a few days ago, absolutely nothing has changed to make it worth double that today or worth a buck 30 days from now. Although a buck is probably exactly where it's headed.

    Mr. Lawyer, what's your crystal ball

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