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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUD

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 PositionTradeon Feb 11, 2011 1:20am
442 Views
Post# 18114365

RE: financing....

RE: financing....From today's market, my guess is they probably finance at 0.5-1, more likely close to 0.5.  That is why somebody put 2m share for sale at 0.64.  

Who has so many shares without insider's information?

Why did they do that? 
To make money - sure!  But how to do it?

To make a beutiful Elliotte Wave Pattern, so it can go higher?  may be. 
To raise some capital before seeing a disappointed assay?  Could be.
To accumulate more shares before seeing a great assay?  Possible.
......

To balance reward & risk, sure.  But - for themselves only or for the company too?

I am an old and fool creature, I can only guess & raise questions. 

May be you know the answer, but will you tell me if you can?
Bullboard Posts