Urthecast Corp T.UR

RE:RE:RE:RE:RE:RE:RE:RE:RE:Urthecast Poised To Turn The Corner - Article

[Links68]

Let's not start these multi-billion dollar valuations just yet... I made that mistake 3 years ago, and although it's still possible I'm trying to focus on what will realistically move the share price in the next 6 to 12 months. If the answer is nothing, then I would think about selling my position and come back a year from now and reevaluate. I've lost too much $$$$ solely due to the opportunity cost of holding on to a significant chunk of shares in UR because I thought the multi-billion dollar valuation was around the corner.

Thankfully, I do see some real movement in the sp over the next few months, which is why I'm still holding. I see us getting north of $2 early next year as some of these news releases trickle out. I base this on 2 key items in or since the last quarterly release.

1. SSTL has been given the contract to build. UR has been soooo conservative in their approach that I believe they would never begin to build satellites unless they were 100% sure the cost was covered and the customers were there to support at least 75% of its capacity.

2. The Canadian government is backing UR 100%. This is huge, in my opinion. To me , it means the government will do what they can to ensure UR becomes a success. It means more than money... it means getting UR in front of the key decision makers in other countries Canada does business with. The government can and likely will promise other things to ensure these meetings turn into real business.

We need UR to embrace the importance of press releasing items like this recent collaboration - even if we don't get all the details. This is the type of communication we've been asking for so please don't criticize. They're going in the right direction here.

I've been quiet on this board over the last number of months as I never saw much happening with the company that warranted any commentary. I think that is about to change. We're going to head up from here. ONce we break through $1.40, I think the next resistance level will be around $1.60 and then up to $2 very quickly if we can break that - Ching to confirm.

I'm still here, long and strong. Good days are ahead. Let's get some good releases behind us and see some gradual increases in the SP over the coming months, quarters and years. GLTAL!