RE:RE:RE:RE:Dire StraightsHaha, if you think I am a basher, you haven't been paying attention. Been on this Ucore train for way too long. I honestly want the company to succeed, i'm just tired of being blind to everything they are doing.
This will take time, it will drift lower after this dead cat bounce. And eventually, it will go up..... IFFFFF everything goes accoridng to plan. I think they can do it.
The stock "could" take off at any moment with news of selection by DOD as critical metals project. It COULD take off with news of MRT settlement or win. It COULD take off if chinese crackdown on rare earths takes place.
Or, it COULD run out of money, not get contracts, and eventually sell MRT rights to another company at a lower valuation including debt to try and recoup Orca's investments.
Both are possible scenarios. For now, they effectively doubled the sharecount (effectively changing the valuation to effectively .15c canadian) and are relying on shareholders to trust them for 3-5 more years.
Two choices. Buy now and fall asleep for the next several years, trade it, or run. I will most likely by in on Friday once Avaya announces buyout or stops me out at $12.50. Long term I want to see this to the end, but was a shareholder massacre followed by a company apology in the form of a rights offering. After Dilution, the shares would have to move to .20-40 cents for most of you to break even.
570,000,000 shares @ .30 cents canadian would mean a market cap of 171,000,000. 7x revenue would mean Ucores pulling in 24 million a year. Do you think they have that kind of potential without MRT? Maybe. Its a waiting game at this point for MRT