RE:Why so cheap? See below comment from specialist: if you dig a bit, a company is defined also by its capacity to get traction and interest from financial community ! Not too impressed by actual mgmnt to lead any positive step to bring value for shareholders. Maybe it is time to think to sell and save what´s left for shareholders. Above 0,15$ per shares would get my vote...
I don't see mga coming back anytime soon, plus they will convert 1:10 and then from 0,60$ we will see lower number as it normally happens with reverse split. I guess mgmnt is the only one happy by getting high salaries with a SP going in the tank since 3 years. Minimum cash flow and in a position to try to find fresh money by diluting again??? I own this stock ! Happy? Not at all !!!
dyodd
The Conservation Council of Western Australia has dubbed Toro’s purchase of Mega Uranium’s property one bred out of desperation. Mia Pepper, nuclear-free campaigner for the CCWA believes that Toro’s acquisition of Lake Maitland is a sign that uranium companies aren’t doing too well and as a result are banding together.
“I think this move shows that both Toro and Mega are in a difficult spot, they’re not getting any traction, they’re not finding any financing and neither of them have a big enough uranium deposit to start a mine,” she said.
Uranium prices
Lately, uranium prices have left market watchers wondering if we have reached the bottom. As Uranium Investing News reported last week, spot prices hit new lows at the end of July, touching down at $34.50 before recovering slightly.
This week, prices have remained much the same, with UxC reporting uranium spot price up slightly at $35.75 per pound of U3O8.