u r correct i follow a lot of U stocks, sorry to say as of late, and as i said before on other boards its best to spread your $$ out over several of these, most will b losers but the winners will make up for it eventually, i sold mostly all of my U stocks including cxz, uex, dnn and others in 2012, still holding a few shares of all, just to keep up with the news of each, have not regretted it yet, just watching about 10 on a regular basis including this one, for a re-entry point and which one will survive.
Maybe longer, Japan turning on a few reactors next year will not help much, since they have a 100 million lbs of U in inventory that they will have to draw down first before the demand side is affected, so this poor U market will last @ least another 18 months minimum in my opinion
You could be right, but don"t bury them yet, you could be missing a great trading opportunity, which is all 90% of miners are worth, a trading opportunity, so if it drops that low i will bite, but only hold for a short time, i will take a 30 to 40% return on my money for holding 90 days or less, hope you are right, if so Christmas comes early for me
Post was not directed @ u, just asking the question of what's a company to do when cash is running low and the overall market sector they r in has crashed, just saying i know what i would do if i wanted to survive "make a deal with the devil i know and hope things r better in the future" which beats the alternative of closing the doors and selling off everything, I faced it personally and that's what i did, everyone may not make the same choice, but it was and is a choice, and i know little comfort to those that have been crushed by dilution and a falling share price
Bad deal for the small guy I know! but what would you do? I have been in business for 18 years now and came very close @ least 3 times of going out of business due to cash flow issues and poor business conditions, I am by no means taking up for management, however during those times I made some very bad deals just to stay in business, hoping things would get better, do i regret those deals? NO, because just as URRE is doing, @ least it gives u a chance to see a better day, otherwise it's a fire sale of property in a depressed U market, again I AM NOT SUPPORTING MANAGEMENT, and i am very supportive of the small investor because i am one also, however sometimes u have to do what u have to do, just to survive to see a better day
only 1 Id, that's it spanky, and cxz has not disappeared only changed its name after wiping out current shareholders with a 1 for 10, 4th name change in 15 years, look up Jet Metals that the new name for cxz but i think u may have this one wrong, as long as there is a financial backer to see them thru the bad U market urre will survive, but average shareholders, that maybe a different story
I agree with your conclusions, and so do the politicians in Japan mostly, however as in the USA ,the public is mostly uninformed and dare i say idiots when it comes to economic sense(hate to say it that way) but emotions rule rather than the logic of which you speak, but politicians have to take what the public wants into account like it or not, and with saying that, i think it will be at least 18 months @ the earliest before half of the reactors are back online, sort of like spoon feeding a baby, if you give him/her too much they will choke, so slowly but surely the reactors will be back online, but it will take time. And to partially back up my post, if all goes well only 9 to 12 reactors will be back online next summer, then after 6 months another 10 or so, according to the time table, hope they speed it up, but the Japanese public is still anti-nuclear at present, look it up.but URG is still a buy and worth the wait
I believe they r in it for the LONG term, that is how deep pockets operates sometimes, because they can, and if the small guy is crushed during the process so be it, but r they throwing $$$ down a black hole? I doubt it, but either way they will get their due, management co-operates to keep their gravy train rolling as always, auction off the company? they win small guy loses. increased share price due to the recovery in the U market? they win big and the small guy MAY win somewhat depending on future dilution, so for them, its head they win and tails they win big, so for them its a win-big win situation for them but best of luck to all of the small guys
Hold on for 2015 if u can, buy more shares to counter dilution if u can, 8 or 9 restarts in 2014 will do little to increase demand in 2014, stabilize U market maybe, but stable @ this low level will not stop the bleeding, need spot @ 50+ to turn things around, not going to happen in 2014, 2015 @ best
u r correct, increase their ownership thru convertible loans which will decrease average shareholders equity, the question for all is to buy more shares to maintain your stake or accept dilution, i would buy more if i could, unpleasant as it maybe
would not pretend to know as much as you do about this company, however backstop financing thruout 2014 is very good news because it is what they need, that is why i asked about burn rate, like it or not, it is survival of the fittest in the U biz now, and it takes $$$ to survive this downturn, but as usual the average shareholder will feel the pain and get the shaft sorry to say
Funny but just after I posted last, read PR and company answered it for me, its 1.1 million per month, which is extremely important since they had a little over 2 million on hand at the start of October
Wish i could take credit for writing this but i can not, copy and paste, small comfort to those who have loss $$ in this sector lately i know
At Fukushima a couple of weeks ago, some mildly radioactive water leaked into the sea. The volume of water was about equal to a dozen home swimming pools. In the ocean this really is a ‘drop in the ocean.
The radiation content was so little that people could swim in the ocean without the slightest cause for concern. Any ocean naturally contains some radioactivity all of the time anyway. There is natural radiation around us all of the time and has always been there since the birth of the earth.
Understandably the general public do not understand nuclear radiation so the strangest comments occur. On an internet blog some person stated that people on the north coast of Australia must be warned about the radiation in the sea coming from Fukushima. Good grief!
Quite frankly, scientifically speaking, the best thing to do with the mildly radioactive waste water would be to intentionally pour it into the sea. The water which is currently in the new Fukushima storage tanks has already been filtered to remove radioactive Caesium.
All that is left is a bit of radioactive Tritium. Tritium is actually part of the water molecule anyway…so what we really have is…well, water in water. The Tritium atom is a hydrogen atom, Hydrogen Tritiumwhich has two neutrons in its nucleus which is a normal but rare variation in the hydrogen atom. Most hydrogen atoms have only a single proton in the nucleus and no neutrons. A rare hydrogen variation is called Deuterium and such atoms have one proton plus one neutron. Even rarer than Deuterium is the Tritium form of hydrogen which has one proton plus two neutrons. These variants are known as isotopes. Water is H2O and water molecules in which the Tritium isotope of the hydrogen atom is found are molecules referred to as ‘Heavy Water.’ It really is just water, so you can’t filter it out of the normal ‘light water.’
The Tritium heavy water is very mildly radioactive and is found normally in the sea all over the world all of the time. This Tritium concentration in the one thousand storage tanks at Fukushima is higher than that found naturally in the sea, but is still so low as to pose no real danger at all.
There was no Fukushima nuclear disaster. Total number of people killed by nuclear radiation at Fukushima was zero. Total injured by radiation was zero. Total private property damaged by radiation….zero. There was no nuclear disaster. What there was, was a major media feeding frenzy fuelled by the rather remote possibility that there may have been a major radiation leak.
Certainly from the ‘disaster’ perspective there was a financial disaster for the owners of the Fukushima plant. The plant overheated, suffered a core meltdown, and is now out of commission for ever. A financial disaster, but no nuclear disaster.
Recently some water leaked out of the Fukushima plant. It contained a very small amount of radioactive dust. The news media quoted the radiation activity in the physics measure of miliSieverts. The public don’t know what a Sievert or a milliSievert is. As it happens a milliSievert is a very small measure.
Doubling a very small amount is still inconsequential. It is like saying: “Yesterday there was a matchstick on the football field; today there are two matchsticks on the football field. Matchstick pollution has increased by a massive 100% in only 24 hours.”
The statement is mathematically correct but silly and misleading.
Or if these U companies are hanging on by a thread, and they are, why not wait until the thread breaks and pick up the pieces for next to nothing? that is what i would do, if i was looking to buy a U company at this time.
I am clearly not the expert your are, however, it seems to me and according to the WNA the U market is in a supply/demand balance favoring supply now, and an increase in the spot price will merely bring on an increase in supply which will therefore limit the price rise in the price of U for the foreseeable future, which spells real trouble for all low quality and low grade U projects.and even puts extreme pressure on the biggest, unless there is some type of Fukushima type incident on the supply side, these stocks may tread water for a few more years, sad to say,