U.S. Energy Corp. (USEG)

[LouisDesyjr]

Lights out, within weeks maybe

I think it is all over for USEG.

http://ih.advfn.com/p.php?pid=nmona&article=68104914
According to the June 30, 2015 reports, the company can not run operations at a profit, and current liabilities are outrunning current assets ( 6 million in current assets to pay 15 million in current liabilities and the gap is growing larger ).

I expect that the mine is of no value since it still has not been approved. I guess the people in the area and the government agencies that dragged out the mine approval for years, will be 'glad' to know that they probably have helped put the company out of business, of course, they will have all kinds of time to ponder what they have done since the jobs the mine would have provided will probably never happen. No one will want anything to do with the mine after they take a look and see how USEG was dragged out for mine approvals for years with nothing to show for it.


Louis J. Desy Jr.