Comments on: Uranium Resources (URRE) http://www.billakanodoodahs.com/2007/04/uranium-resources-urre/ Trading, Investing, Politics, Whatever Sat, 06 Sep 2008 18:27:39 +0000 http://wordpress.org/?v=2.3.3 By: Scamfinder http://www.billakanodoodahs.com/2007/04/uranium-resources-urre/#comment-15931 Scamfinder Sat, 28 Apr 2007 15:05:57 +0000 http://www.billakanodoodahs.com/2007/04/uranium-resources-urre/#comment-15931 Do A lot More Research. The Earnings are Deceptive. They had a Derivative adjustment from prior 3 years. WHY URRE is GREAT SHORT ------------------------------------- 1) MASSIVE INSIDER SELLING by CEO/CFO/Directors 2) LOST MONEY and only showed Profit due to CREATIVE/Deceptive ACCOUNTING 3) To do that Creative Accounting URRE had to pay out 12 million CASH and sign CONTRACTS LIMITING Future GROWTH/EARNINGS Potential 4) Most of their RESERVES are in New Mexico and Could be TIED UP IN COURTS with Navajo Indians for years ( A protest even took place week of 4/23/07). 5) If they do get Churchrock on line UX prices are projected to be much lower than where they are right now- Utilities are locking up Long Term contracts in $50 range 6)They might be GIVING AWAY 1/2 cash flow to Itochu for such a small investment in Churchrock if it ever happens- Shows LACK OF BELIEF - Small Valuation being put on it. What goes up fast with Hype goes down fast with facts. 7) The Company should be down to about 12 million cash on the balance sheet by end of this 1/4. If Spot prices stay up here (though they get much less than spot) they maybe Positive Cash flow. These Companies know to raise Cash while they can. They Raised 50 million last April at $4.90 and Uranium wasn't as hot. They are looking to do acquisitions which should be combination of Cash/Paper. I see them doing a POSSIBLE OFFERING in the near future though they say otherwise. It may dilute stock near term but would help URRE long Term. Do A lot More Research. The Earnings are Deceptive. They had a Derivative adjustment from prior 3 years.
WHY URRE is GREAT SHORT
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1) MASSIVE INSIDER SELLING by CEO/CFO/Directors

2) LOST MONEY and only showed Profit due to CREATIVE/Deceptive ACCOUNTING

3) To do that Creative Accounting URRE had to pay out 12 million CASH and sign CONTRACTS LIMITING Future GROWTH/EARNINGS Potential

4) Most of their RESERVES are in New Mexico and Could be TIED UP IN COURTS with Navajo Indians for years ( A protest even took place week of 4/23/07).

5) If they do get Churchrock on line UX prices are projected to be much lower than where they are right now- Utilities are locking up Long Term contracts in $50 range

6)They might be GIVING AWAY 1/2 cash flow to Itochu for such a small investment in Churchrock if it ever happens- Shows LACK OF BELIEF - Small Valuation being put on it.
What goes up fast with Hype goes down fast with facts.

7) The Company should be down to about 12 million cash on the balance sheet by end of this 1/4. If Spot prices stay up here (though they get much less than spot) they maybe Positive Cash flow. These Companies know to raise Cash while they can. They Raised 50 million last April at $4.90 and Uranium wasn’t as hot. They are looking to do acquisitions which should be combination of Cash/Paper. I see them doing a POSSIBLE OFFERING in the near future though they say otherwise. It may dilute stock near term but would help URRE long Term.

]]> By: Woodshedder http://www.billakanodoodahs.com/2007/04/uranium-resources-urre/#comment-15305 Woodshedder Fri, 27 Apr 2007 03:05:48 +0000 http://www.billakanodoodahs.com/2007/04/uranium-resources-urre/#comment-15305 Bill, nice! I might have to buy some of this tomorrow. Bill, nice! I might have to buy some of this tomorrow.

]]> By: Gareth http://www.billakanodoodahs.com/2007/04/uranium-resources-urre/#comment-15015 Gareth Thu, 26 Apr 2007 00:29:19 +0000 http://www.billakanodoodahs.com/2007/04/uranium-resources-urre/#comment-15015 i dont like it, its too obvious. i wouldnt hold it into any expected news. it looks like a fad stock. i dont like it, its too obvious. i wouldnt hold it into any expected news. it looks like a fad stock.

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