GREY:URPTF - Post by User
Post by
Art365on Mar 14, 2011 1:59pm
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Post# 18282209
NAV
NAVI thought that Uranium Participation was a "safe" investment compared to the mining companies, since it simply holds the uranium.
NAV at January 31 was $9.40 per share (with Uranium trading at C$73): how is such a drop possible? Does the market anticipate a huge drop in the price of uranium (which hasn't occured yet) and already price the shares accordingly?
Press Release
URANIUM PARTICIPATION CORPORATION REPORTS NET ASSET VALUE AT JANUARY 31, 2011
TORONTO, February 17, 2011 -- Uranium Participation Corporation ("Uranium Corp") reports its net asset value at January 31, 2011 was CDN$999,656,000 or CDN$9.40 per share. On a fully diluted basis, after assuming the exercise of outstanding stock options, net asset value per share was CDN$9.37.