Reality CheckIn my opinion, EFR is down on a rerating of their Uranium assets due to potential delays in getting them into production. Take a look at their MDA and my earlier post.
The private placements are simply adding fuel to the fire.
Two things need to happen to get this stock higher:
1. Resources on whirlwind need to be proved up significantly
2. Uranium spot needs to reach $200.
If the above two items occur, all the PP selling in the world will not keep the stock down. Smart money is always ready to pay .50 cents on the dollar - in size.
Let's have a reality check here - the stock appears fully valued on the fundamentals. Waiting for MGT to pull a rabbit out of their hat during the general meeting is fantasy land and wishful thinking.
If you disagree with me on any of the above, I'd like to hear your comments.