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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUF

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.


TSXV:PTU - Post by User

Bullboard Posts
Post by pumpbusteron May 14, 2007 10:52pm
369 Views
Post# 12780317

guys....

guys....this death spiral in the SP started quite a long time ago....long before the market softness in the venture exchange U companies.....and sadly there seems to be no bottom in sight. I'm thinking the drills are going to be dusters at this point as we continue to see the exit of the money people. No one seems to be sticking around for the results. Even if we get a little pop prior to the next release....where's it going to take us....back to a buck maybe? What we need are strong hands...and that's not the case here. Is PTU management concerned with the decline in the SP? Hmmmmmmmm...make one wonder.
Bullboard Posts