Uranium One Inc SXRZF

dominion mie, no big deal

[anything]

dominion is that important, they have been having al sorts of problems with it for close to a year, it wouldn't have add substantually to there revenue any ways.

its there projects in Kazicstan which count and they are out performing.

if dominion is shut down for the time being they wont have operating expenses for it.

China has huge uranium necessities for there futur nuclear power plants, kazecstan is right next door, uuu nav is $7, they could triple the price and still be a steel!!!!!!!

There are a lot of desperate shorts on this board.

Here is rob buchanan of investor relations.

Brian,

 

Of course we do not comment on speculation and rumors. We are a widely-held company and, as such, control is in the market.

 

In terms of the current stormy period in the markets, as a company already in production, we are relatively well positioned compared to some of  of peers. In August, we disclosed in our Q2 2008 results that we expect capital expenditures to total $136 million over the final two quarters of 2008. Our cash position at the end of Q2 was $133 million and we had 1.2 million pounds of uranium inventory. So, in addition to cash on hand, our cash sources include revenues from uranium sales, loan repayments from JVs and non-core asset sales (e.g. our announced intention to sell our remaining 36% stake in Aflease Gold -  valued at ~$40 million at the current share price). We also have some financial flexibility with a newly arranged $100 million revolving credit facility (despite the credit crisis, some companies are still able to secure credit).  With a significant amount of the capital investment at South Inkai, Dominion and Kharasan now spent, the story turns to execution of our mining plans and ramp-up in production.

 

Our Akdala mine continues to perform steadily and is on track to produce 2.6 mm lbs this year (our share 1.8 mm lbs).  We continue to expect our industrial production approvals for South Inkai before the end of the year.  This will allow us to begin the ramp-up of production to full capacity of 5.2 million lbs per year (of which, our 70% share is expected to be 3.6 mm lbs).  At Kharasan, we expect pre-commercial production to commence before the end of 2008.  With the majority of capital expenditures now behind us at South Inkai, we also expect to receive our first dividend from the Betpak Dala JV in the near-term.

 

Over the coming quarters, you should expect to see continued progress on the ramp-ups at each of our new projects towards commercial production and full capacity. 

 

I hope this puts a bit of perspective on the current situation at Uranium One.

 

Sincerely,

Rob Buchanan

Uranium One Inc.

Investor Relations

perate shorts on this bourd, dont forget.