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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
Comment by pumpbusteron Sep 08, 2008 10:21am
248 Views
Post# 15437926

RE: Update soon

RE: Update soonInvest...thanks for posting what you learned from PTU and anyone else who takes the time to share....much appreciated.

Regarding dilution.....the last issuance of 1.8 MM options was highly dilutive in itself. No one has problems with options for insiders but sometimes the shear magnitude and timing can be quite alarming for shareholders and this last release fits that catagory imho.

GLTA....hopefully the update will create a pop and an exit point for some of us "lifers" ....this has been dead money for far too long now...lol.
Bullboard Posts