Uranium Energy Corp. UEC

I am out

[carinthian]

Sold today. Was able to get out with a small gain.

Why did I sell?

1. Salaries for Management in times like these are not fair towards shareholders in my opinion.
2. Cash was 4mio end of January and assuming they are pushing forward new production areas and new projects I do not see how this cash will be sufficient keeping in mind Mr. Rule and Mr. Ka Shing are waiting for their first interest payments as well. No idea how they will be able to finance without dilution.
3. Uranium might need more time to recover as gas still remains quite cheap.

I do not want to bash, those are my peronal reasons and I wouldn't be writing on such a board if I am that successfull on investing. 

I wish all invested the best and will report back when I am back in again (depending on how my concerns are adressed)  and will not post in the meantime.

As always: Just my personal thoughts. DYODD
Best of luck to all!
carinthian