I don't know Microstock.com but they seem to have a good analysis of the current state of URRE.
I guess the real questions are:
What is the license worth?
What is the value of their site rights?
What else does URRE have of value?
By the recent market volume and price rise, the answer would seem to be A LOT!!
Day trading alone doesn't answer the recent, steady increase in volume and price. There must be more to it.
My best guess is the value of URRE assets could make this good takeover or buyout candidate.
Why else would the stock rise from 40 cents to almost $4 in less than a year? Also, the company is making no moves to start up operations that I can see. The recent stock sale seemed to be mainly for continuing operations.
I am long. I bought some stock 2 years ago and rode it down. Recently I purchased more when I felt this price rise was for real.
I could cash out now with a fair profit but I feel this has much more upside potential than anything else I could invest in at this time.
ALE, I bought at the same time as you (as high as 3.42). Thought this one was a goner. This company is just a lucky one (got NM Indian land matter resolved in its favor) and that I came out alive (many already went BK). Learn my lesson. Unloaded more than half to cover the cost and protect my $$$.
Today's land value for URRE in Churchrock NM is 6.2 bl. That covers the cost of the uranium in groung then add the land value... all positives. The more the spot's rise, and they will, add that to Uranium Resources Inc.s value!
ale, this is my logic. URRE is sitting on 101.4 mm pounds of uranium in Churchrock NM. the spot value if sold to market would be around $6,185,400,000.00 today. That 6.2 billion is sitting on their property and the report I read a few days back showed Chinas latest purchase has depleated the inventory drastically. URRE is in progress of building a new facility there and pulling 3mm pounds a year starting 2013. They also have mines all over US but Cameco has agreed to work with them on this project. I believe their sniffing out the potential and may swoop in if spot prices continue rising. Just a hunch. GL
You have done more research than I have but we do agree that URRE has great potential.
Quite frankly, right now I don't have any idea what a good get out point would be. I only know that it is a long way off. Will have to see how stock trades in the future.
I wouldn't short this stock with a gun to my head.
You rode it down , now ride it up. Remember all the negative factors surrounding nuclear energy, pricing and the problems URRE had. A totally unloved sector, avoided by Wall street......... AND NOW
Our expectations are low, because the industry was in a shutdown mode, a big difference to an opening mode.
I told before about the ten baggers I made when oil drilling went from shutdown mode to opening mode. From drilling equipment rosting in the yards to drilling equipment hitting the road again.
Uranium is not scarce, it is rather plentiful. It is so plentiful that it can provide energy for a very long time. But this is not the issue, oil also was plentiful. Look at the fortunes which were made. This gives you a better picture about Uranium investments. For me, uranium is the energy source of the future and those who know to deliver it and work in this field with success, will strike it rich.
From a small farm to a large farming operation, this is the picture I see for URI
Way over bought up here. Will retrace back to low $3's soon enough.
Cheap shares (from a placement in July and another a few months ago)purchased at .42 will weigh on the price action with a 10x return in the bank.
$65 forward price x 101MM pounds less 101MM pounds x $42 cost to process / 93MM shares / 2 to reflect JV/dilution = $10+ stock today. no reason to sell. those who bought at that placement would only sell 1/10th to get their basis out and then let the rest ride to $10 for maximum LT cap gains. shorts are hosed on this one. long URRE and short MCP for a pair if you need to short one.