OTCQB:UEXCF - Post by User
Comment by
bottomtrawler01on Apr 07, 2016 12:08am
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Post# 24739489
RE:RE:Look back
RE:RE:Look back
The same place they always do, they will sell shares and options, likely through private placement. Which IMHO is a better alternative than borrowing(we are debt free aren't we?). Which IMHO is the reason this company is still in business after all these years of adverse market conditions and why they will continue to stay in business.
I don't know anything about the cost of mining claims but my impression is that Christie "ain't cheap". But if the resource can be expanded and market conditions improve, it will be well worth the venture. I understand it's an extremely desired claim. And they also have the ability to opt out without further financial commitment anytime they want from the way I read it.
UEX just isn't sexy. The red headed step child of the family that gets slapped more that the other kids.
Someone/fund? dumping for whatever reason. Can't remember exact #'s but somewhere between 1/4 and 1/2 of the company shares are owned by large position holders. It only takes one large holder to want to move on and the s/p drops by 10-20%. When you are playing poker, people get up and leave the table for various reasons. Considering the volume and liquidity, I'm surprised it's held up as well as it has. I consider that a good sign. But I don't know $hit. Lol.
glta