OTCQX:PALAF - Post by User
Comment by
dodger119on Sep 28, 2011 12:48pm
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Post# 19093784
RE: RE: RE: RE: Let the selling begin!
RE: RE: RE: RE: Let the selling begin!The company objective is to keep management employed. They spent a fortune developing marginal properties that have not, can not and will not, IMO, ever make a profit at $50 uo8 regardless of production levels. Didn't they lose $82 mil last year? The bad news is that " significantly richer " deposits like Cigar Lake, Wheeler, Shea Creek, Hathor will come into production at some point over the next few years and probably could make a profit here which should have a mitigating effect on higher prices. Had someone made a $1.20 offer for the company, they would have been screaming " predatory ". JMHO