Here is my take on Jimmy....Jimmy like U3O8. He wrote so in a previous article. He was doing his DD on which companies he would like to place his pennies in. Was reading the the Q2 financials and a ureka moment hit him. URE has a "going concern" statement. Hey I will be a hero on Seeking Alpha if I can alert the investment world about URE's financial woes. The problem with Jimmy is that he knows just enough to be dangerous and voila.....he certainly was. The going concern statement must be included in a companies financial statements if over the next twelve months, the working capital calculates as negative. And so it was with URE. A measly $600,000 of negative working capital ( WC is simply calculated by subtracting the current liabilites from the current assets and each over a span of 12 months. As was already mentioned, URE was not in producer status so they could not include any revenues in the calculation. So poor Jimmy did not include the operating profit from this years and half of next year's production in his own calculations. I have been assured by management that URE has addition financing options open to them if they wish to utilize them to bolster cash. They will also be generating over $30 million of operating profit the remainder of this year and next so that nearly wipes out their total indebtedness. So in essence that have a debt to EBITDA of around one at this point which is way below average as a producer. Jimmy was way over his head as it relates to understanding the puts and takes of the going concern statement and a second point which is the most important is the evident fact that he does not have a freeking clue of the workings and management of URE.