RE: what a shame...Been just going over the last Financial report and MD&A and it does look a tad risky. It looks like in the last two years they have pretty much written off and or abandoned most of their properties, the key holding of course being Reno Creek but even that they appear to be losing valuable interest in as they continue to not participate in required project financing.
They may still have Anna Lake in Labrador and was surprised they did not communicate the latest developments over there regarding the recent lifting of the uranium moratorium. In fact they put out there financial reports without a peep and from what I can tell have not provided a property/projects update in some time so it's no wonder investors are shaking this one off as management appears to have their heads stuck in the sand.
Anyway, as Uranium projects go they tend to be long and drawn out with numerous hurdles so investing in them is also long term and risky but if successful can be very rewarding.
At this point I think management needs to do a few things the first is provide a complete projects update summing up what properties they still hold and what they are doing with them as the MD&A is in a way too much info and does not appear to match up with News Releases or lack of them or their web site which is the second item that needs a complete update.
If they can tear themselves away from whatever it is they are doing to get those two items done I think you may see some renewed interest in this stock.
M
disclosure: I own shares here and at these prices I am buying.