UEX Corp T.UEX

RE:Drilling results did not meet standards

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Mangoe Wrote:
'But the drilling results could also be good, maybe they were to good to be true,  so they send them back  to get re-tested to meet international standard, Canada has good lab & technology to get it done proper the first time around, I don't know what happened that the initial samples was not done properly to meet the standards.'

Great Comments Mangoe: Interestng, Very Possible IMHO...
Fingers Crossed!!! See Next Post... Review Video...
Note: Date: Nov.23. 2021...Very Recent???HMMMM???
Note: UEX and All Excellent Participants??? 
All IMHO...DYODD...Long UEX/CoEX, DML, Other...

mangoe wrote: In that last  interview the CEO stated that the drilling results from the last drilling program did not meet the standards, so they were sent back.

One poster here was saying if the results was bad, & if that is why the insiders board members & CEO  sold there shares a few weeks back, could be.

But the drilling results could also be good, maybe they were to good to be true,  so they send them back  to get re-tested to meet international standard, Canada has good lab & technology to get it done proper the first time around, I don't know what happened that the initial samples was not done properly to meet the standards.

UEX don't want another BRE-X, what is mangoe talking about? yes mangoe is no johnny come lately to the mining sector.

BRE-X was a penny stock company that claim they found the largest gold deposit in Aisa that took a penny stock from under 20 cents a share to over $200.00, it was all a BIG SCAM, that hurt the entire junior mining sector for a long time,  some of the people that was involve in the scam, it was reported that they were being thrown out of helicopter  to their death.

This long uranium bear market seems to take these guys running UEX off their game, first they gave Sprott approx 100 million shares at 29 cents a share, low floor price = to low ceiling price which = to current low stock price today.(with market correction & uranium ETF redemption  in effect)


Independent institutions such as Red Cloud stated that PP should have been done above 50 cents a share more like 55 cents, that is where FCU, DML did there pp at 60 cents & above 60 cents around that time, so higher floor price = higher ceiling price = stocks trading solid over 50 cents a share today (with market correction & uranium ETF redemption in effect)

Nobody blame Sprott to get something for nothing at the expense of everybody who is not a part of that investor group, more power them, we just need people in charge of the company looking out & advocating for all of us that is not a part of Sprott investor group.

Every unranium company is benefiting equally in the sector from Sprott buying up uranium, but I don't see any other uranium company feel obligated to give away there company on the cheap to Sprott as UEX did, FCU, DML, etc did not, I also understand that Sprott could be seen as an insider when it comes to UEX, in a previous news release they let it slip out that Sprott was acting as an financial advisory to them more like a council, so they council UEX CEO & Board members to give them something for nothing.

Sprott would have paid 55 cents a share for that pp if the people in charge of this company had demanded it, even if they did not like it, but that is life, there is a lot of things in this society that we all don't like  but we accept it & move on, & if they did not want to pay, there was others that would have paid that price, the CEO for UEX say they were many investors that wanted to participate in the pp.

The last Cobalt run up we were late to the party, price spike to $40.00  and started to go down, so he could not complete the spin out, now Cobalt price is going up & the excuse is they cannot find a partner to complete the spin out.

This is not the A team running this company, they can become the A team but how much time do we have, & how much share price destruction might continue.

I want to buy a Truck, if that Truck is worth 80k & you want to sell it to me for 29k I will take it, your house is worth 500k you want to sell it to me 290k I will take, the problem is not with the buyer, but the seller.