Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s): PTUUF

Metals & Mining Industrial Metals & Minerals

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

Purepoint Uranium Group Inc

Bullboard Posts

Comment by M139on Feb 08, 2013 5:45pm

271 Views

Post# 20961464

RE: RE: Rights

ummm that seems counter productive. If you buy the rights at .005 PTU SP needs to be above .12 to be in the money and if you buy them at .01 it needs to be above .17. That does not take into account that you get a warrant and where does it have to be to be in the money on the whole package but still, buying the rights at this time is quite frankly a losing proposition.

Also, notice how traders are now pusing the price down, heading back to the rights price of .07 if you ask me it's all just smoke and mirrors.

M

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