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Remember, when I talked to IR at the end of last week. They told me that they talked to the colonel and he sounded very upbeat about the NI's! They wouldnt get into timelines for anything though.
Pablito...something very good! Otherwise the stock wouldnt be heading north! Lets see what tomorrow and next week brings. I can definitely see this holding above .10 again in the near future. I have talked to some UMNG investors who dont post on message boards and they are holding out for .50-1.00. They see big value in Uranium and are banking on UMNG's claims.
Nice day, stock settled at .065 on a few small sells. Most trading even in the late day was buying. Something is brewing.
NI's must be very good!
.50 here we come! em
We have to realize that the volume was very low today for this significant rise in the stock price. This is an overall good sign because it shows that it wont take that much buying pressure to send this stock price much higher.(Although its possible the opposite can happen as well) The other good thing is that this could be a possible sign of some good news on the horizon. We also have to keep in mind though that there are several important unanswered questions still out there in regards to the company and its claims. Overall, it was nice to see this big rise and lets hope it keeps going until the NI's are released!! The possibility for this stock in the short-term to rise back in the .30-.40 range is definitely there. The longer term has unlimited possibilities.
The chart readers must be loving this chart. Buy time.
Heading back to .10+?
I wonder if this is the bottom??? em
Heard from IR, talked to the colonel and said reserves report will definitely be coming out and should be very good. Sounded very upbeat about it. Wouldnt go into it anymore than that. Wouldnt give a time frame either.
Good morning all, I see nothing but sells going through this morning.
*Alot of questions still unanswered with this company. Small/Microcap Uranium stocks have the potential to attract a TON of money...that is as long as their legit. I have talked to several investors who believe we are just touching the tip of the iceberg as far as the demand for Uranium goes and will continue to go over the next decade. If a company can prove they have quality reserves alone, the money will come pouring in. I will possibly be investing a lot more in umng, but not until I get some more answers from the company.
I have heard realistically from management that uplisting to otc bb should come in approximately 40-50 days from now. Lets see if that stands.
Any company response in regards to the biennial form? em
So what you are saying is that the big dogs have been running this thing down to eventually buy much cheaper shares??
ask .019 bid .018
ask .02 bid .019 em
ask .022 bid .02 em
Theres only two ways/theorys to look at this company, its current situation, and its current stock price.
*One - None of what they have been saying in past pr's is true. All hot air in an attempt to pump up a shell thus ends up hurting/cheating the common shareholder.
*Two - The company has been telling the truth and things are just taking longer than expected to come to fruition. This would pose a MAJOR buying opportunity at .02.
-Now one has to also take into account the lack of sufficient information/substance in the previous press releases as well. 1.Either the company is very bad at writing press releases on their own, or two, its all part of the pumping theory.
Lets hope theory two ends up being correct.
ask .027 bid .025 em
It seems this is a suckers rally. em
ask .025 bid .022
ask .027 bid .022
ask .028 bid .02
ask .028 bid .027
ask .027 bid .02
iswt, Did you buy more?
slow morning, no trades yet. em
UR1380000, When you contacted IR did they mention anything in regards to the status of uplisting to otcbb?
I dont think the bottom will go as low as sub penny. I think the low might reach .012 - .015. This is just my prediction because there are still a good number of shareholders who are holding their shares. Some waiting to possibly cost average down.
wittke,
I have been saying if this company can validate itself, big money will come into here as well as be made here. If the company can adequately answer those questions, thus validating themselves, it would reassure the current and future shareholders. I personally know several potential shareholders who are waiting for those answers.
Like I said, if the company can answer some of those key questions, I would buy a lot more.
We still dont have an accurate share count as well. Float? em
If the company would answer some of our legit questions we have had for several weeks now like the name of the tsx company, info. about the buyback, reason for no 43-101, why the company's claims arent in their name...I would be investing alot more here.
Where did everyone go? lol
enforcement@sec.gov
I will admit this though, if the company somehow were to change their schematic ways, and make some REAL legit business decisions which are accompanied with REAL press releases...it is "possible" that things could change here. ...but the way things have unfolded here over the past year i think that would take a miracle.
iswt, the stock price tells me I'm right! Reread that press again..."U Mining Resources Inc. (PINKSHEETS: UMNG) announced today that management has decided to initiate an aggressive Stock Buyback program of its trading shares in order to overcome continuous illegal short selling positions commencing with the announcement of this press release."
The key word "Aggressive" It has really been aggressive!!
Regardless, this is one of the many baseless, open ended press releases. I know its hard to recognize when your money is on the line.
JUNE 22, 2007!!!
NEW YORK, NY, Jun 22, 2007 (MARKET WIRE via COMTEX) -- U Mining Resources Inc. (PINKSHEETS: UMNG) announced today that management has decided to initiate an aggressive Stock Buyback program of its trading shares in order to overcome continuous illegal short selling positions commencing with the announcement of this press release.
This buyback program is taking place in conjunction with an institutional finance group currently working with the Company and combined with a group of friendly UMNG shareholders who will be buying stock on a daily basis on the open market.
Management stated, "This action reflects our strong belief in the fundamental value of the Company. At current prices, we believe our stock is undervalued and that it represents an attractive investment opportunity. We believe Uranium prices will continue to increase and management will keep securing and acquiring strategic Uranium territories. We are building our asset base while conducting geologic reports and lab tests to measure the value of our proven resources."
Management is currently waiting for the imminent release of its NI-43-101 reports on Laurentide 1 and 2 properties. U Mining can then make a final decision on the closing date of the audited financial statements in preparation for filing form 10 to up list on the OTC.BB.
More information on this and other pending matters will be made available to shareholders on a timely basis.
Does anybody have any idea what the current float is here?
-Thanks
-Oilin07
Well said loanstew. Thats exactly how I feel.
Take-care
-Oilin07