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Uranium Resources, Inc. (URRE) Message Board

  • aeroboy48 aeroboy48 Apr 12, 2011 10:12 AM Flag

    URRE doesn't have any Uranium inventory

    This company is a big scam. They reported that the company didn't have any uranium inventory and wasn't planning to mine until 2012. With only 12 million dollars in cash reserve I seriously dought it that they could afford to mine in 2012...This company value is way over priced, should be below one dollar a share...Their are much better companies in the stock for the same value of URRE stock...

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    • Plan to BUY more shares after this correction as completed...

      Looking for 1.53

    • this is a great entry price to get in for urre , got in today at 1.92

    • I guess you will probably make your money back in 20 years...When URRE start mining the New Mexico Fields...I mean when the new compamy that will acquires URRE for less then dollar start mining the fields...LOL

    • Be careful with how you word your statements as they can been seen as VERY misleading.

      URRE has PROVEN reserves in the ground. I agree mining has not started as spot prices have to be above their cost of mining to make economic sense hence why they have not been actively mining their PROVEN reserves.

      • 1 Reply to icemanfx2000
      • This info in out of the company's annual report..
        During 2010 we significantly strengthened our balance sheet through the capital raises completed during the year. The approximately $19.1 million raised in 2010 has positioned the Company to move forward with its near term-plans in South Texas and New Mexico and we expect that our current financial resources will allow us to maintain the Company's liquidity for a period of twelve to fifteen months. While the Company believes it has sufficient capital resources to sustain its operating plans, as part of its strategy, it continues to seek opportunities to expand its resource base in both New Mexico and South Texas and such activities would require it to seek additional sources of financing. There can be no assurance that such activities will result in the acquisition of new properties or that we will be able to raise sufficient funds to allow the Company to move forward with such activities.

        During 2010 we significantly strengthened our balance sheet through the capital raises completed during the year. The approximately $19.1 million raised in 2010 has positioned the Company to move forward with its near term-plans in South Texas and New Mexico and we expect that our current financial resources will allow us to maintain the Company's liquidity for a period of twelve to fifteen months. While the Company believes it has sufficient capital resources to sustain its operating plans, as part of its strategy, it continues to seek opportunities to expand its resource base in both New Mexico and South Texas and such activities would require it to seek additional sources of financing. There can be no assurance that such activities will result in the acquisition of new properties or that we will be able to raise sufficient funds to allow the Company to move forward with such activities.

 
URRE
2.78+0.06(+2.21%)10:01 AMEDT

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