This may apply to the industry or the broader URA ETF, but how exactly does it apply to URI?
This company's entire market cap is now probably less than the cost of one or two new mining trucks at Cameco.
These backwoods, backwater former nuke industry politicians that ran around buyin' up mining rights on the cheap for the last 20 years, thought they'd cut a fat hog. It looks like the only hogs they're going to slauter now are the stockholders.
They're broke. They're old. They're tired. Just go to their rusty old run down facilities in TX and take a look.
It's gonna get sold.
If not before this dilution, then before the next.