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Energy Fuels Ord Shs T.EFR

Alternate Symbol(s):  UUUU

Energy Fuels Inc. is a critical minerals company. The Company is a producer of uranium in the United States. It mines uranium and produces natural uranium concentrates that are sold to nuclear utilities to produce carbon-free nuclear energy. The Company is engaged in the production of advanced rare earth elements (REE) materials, including mixed REE carbonate. It also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the recovery of radionuclides needed for emerging cancer treatments. The Company holds two uranium production centers: the White Mesa Mill in Utah and the Nichols Ranch in-situ recovery (ISR) Project in Wyoming. The White Mesa Mill is a conventional uranium mill operating in the US, and has a licensed capacity of over 8 million pounds of triuranium octoxide (U3O8) per year. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. It also has the Bahia Project in Brazil.


TSX:EFR - Post by User

Bullboard Posts
Comment by SimplyTheFactson Oct 10, 2013 4:58pm
290 Views
Post# 21808349

RE:RE:RE:RE:RE:Special meeting Oct. 30

RE:RE:RE:RE:RE:Special meeting Oct. 30If you were a shareholder and had read this board regularly inviolablspirit, you would have known my position on the consolidation, as it has been disscussed in detail in the past year. You would also understand why I feel your advice to "people who have not been through it" is plain BS.

First, the consolidation will not happen anytime soon, or at least until the price of U recovers significantly and a new bull starts. Second, the consolidation will be  nowhere near 1:50, and I voluntered to place a personal bet with you on that.

Now let's see, you wrote: "In a reverse split (in this case 1:50) the shares will be reduced by 50x and the stock price will increase by 50x.  Once the stock price increases, the stock is typically shorted down to a lower amount thus reducing the value of your shares even further."  Why is it shorted down to a lower amount, explain in detail please.


When the consolidation happens the price of U will be on the move, individuals/funds/large Investors would be jumping on top of each other to get in. A consolidation would raise the stock price and allow many funds, who can't get into a penny stock, buy large positions.

So if you wait for the U price to rise and a new U bull to start, and consequently the consolidation, I assure you the price from which the consolidation would take place would be AT LEAST DOUBLE what the stock price is today. Stay out and you will buy higher inviolablspirit.

You then enlightened the board with your final advice "The current stock price will probably continue to drop" I'm afraid I am wasting my time with someone who is simply trying to scare people to get in lower. A waste of my time for sure, I will let people judge your motives for themselves.

Good luck with your investment decisions as well!
Simply
Bullboard Posts