Behind the scenesStumbled across Ultra in my quest to find undervalued junior U, Rare Earth or Gold plays. Ultra has them all but no money, 6 grand in the bank but plans to do some pp's to get the ball rolling. One thing that concerns me is the U play is in Slovakia. The below exerp is from SEDAR interm financial statement and shows the line up or properties and costs associated to each property.
Anne Mark/ Buck Gwyn Kalnica- Mud & AEG Plata North Lake Lake Selec/Horka Rare Earth
For a more detailed look check. www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00006157
With U sector heating up, Rare Earth sector red hot and gold bouncing around all time highs this Co. might just have what it takes if they can raise some cash. Canadian Insider shows some activity early in 2009 at a higher stock price than what exists today.
Comments??? Salvadoral