OTCQB:UEXCF - Post by User
Comment by
BlindBoyon Mar 16, 2004 8:27pm
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Post# 7220118
RE: no rush to buy this one - grog
RE: no rush to buy this one - groggrog: "When UEX finds the goods, the share price *will* skyrocket, as you so eloquently put it. If on the off chance, they don't find anything, it will stay neutral for the most part . . ."
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I think the market price is reflecting an expectation of successful drilling. Yes, it'll rocket if they hit the motherlode.
But if they come up empty, these prices won't hold. The long sojourn around a dime reflected several seasons of coming empty on their drilling, so there's no way the current prices reflect "hit nothing" neutrality.
Probably 0.20-0.25 downside for a miss, versus ??? upside for a hit (McArthur type intersection (25%), or Key Lake type (0.5%))? Some deep pockets have obviously antied up big in order to find out.