GREY:STHJF - Post by User
Post by
presto10on Sep 11, 2008 10:37am
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Post# 15447945
Sorry if I make you feel bad
Sorry if I make you feel badbut these guys are running low on cash and it must be no more than $10m ??? now. It doesn't matter how many lbs in the ground you have. Anyone looking to average down is basing their purchase on emotion. How enthusiastic do you think Sumitomo is now? Not. I like David but he should have raised $$ when it was north of $3. OTOH, URE raised $76 million NET of expenses back in May 07 and now have $.75 / share in cash. That's a very enviable position and I see them taking out STM or at least buying STM's Wyoming property for a song when the pain gets too great. I think URE will be one of the few survivors in the jr U field for the reason they are cashed up. How many else are?
And anyone that stuopid that is still in the markets (me) knows a lot about that.