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I definitely see the huge possibility here as well, my only concern has been the large-scale constant bashing and accusations directed towards umng's management that has been taking place through-out some of the message boards.
iswt, What is your overall feeling here?
Earnest, it sounds like your not too excited or optimistic for that matter in regards to umng.
Earnest, Have any of those companies had the number of claims that UMNG has?
Howard, I understand, I own umng as well. I'm cautiously looking forward to whats ahead.
Howard, you seem pretty sure of yourself here. I hope your right.
Earnest, Where do you get your 3% figure from?
Howard, What do you believe are the risks here?
Howard, I see we are thinking along the same lines. I just remember reading someone saying that there could be 100 mil to 200 mil in reserves...and my overall point is that you would think that more people would see the potential here and the stock price would not have been declining over the past several months but rather increasing! Common sense right?
Say there are 50,000,000 shares outstanding...with 100 million worth of reserves(possible future earnings) that would equate to approximately a $2.00 share price. Now given the average uranium stock trades at what i think is 5 times earnings we are looking at a $10.00 share price. These are MASSIVE gains given we are at approx. .05!
What will this do for the stock price? Thats the question!!
The true picture of what a company is worth can be displayed in its amount of reserves. In UMNG's case, I feel that if the reserve report is just ok, this stock is moving much higher. If the reserves report is good, the stock is moving much much higher! If the reserves report is very good, this stock is flying sky high (dollars for sure)! Given the last share count, price for Uranium, and amount of acquired claims...if there is one pink sheet stock to be in, I think this is the one!
If UMNG has what it says and does what it says, this stock is severely undervalued. With the low float, we could be back in the .30 - .40 range in days! UMNG has seriously positioned themeselves to make a lot of money, now lets see if they actually do it!
Afterhours spread: Ask .105 Bid .045 em
With all the trades going through at the ask this stock price should be atleast .07-.08 by now.
Are we turning the corner? .10+ again by next week??
So in other words we should sell and invest back in lower.
roiresearch...good questions. em
"Open question for anyone: if the final tsx contract is expected this week for the flow thru program, wouldn't UMNG's audited financials be due and all executive positions have to be filled? How did they get to the final contract? There must have been a preliminary, and on that preliminary had UMNG's afs. I just bring this up since the Form 10 is being delayed b/c the NIs are not done yet resulting in no AFs
So when I say 'fleece the flock,' it seems the company can very well save us when it wants to do so. but are they waiting for the pps to drop?"
*If we can get a pretty good reserves report, uplisted, and clarification on TSX which is where the financing will come from, this stock price will see a substantial gain.
Looks like short selling continues this morning.
Any idea what effect this will have on the stock price? If any?
We finally know who the ceo is!! Lets hope he is telling the truth in regards to BOD, reserves report and uplisting!
Analog, How can you be so sure everything is ok?
The company just has to be honest. The question is though...Who's really running the company?
More reasons to believe this is a scam than not. One BIG reason is whoever is running the show is afraid to put their name on anything!
Analog, How can you be so confident as the stock price has been slowly crashing even with several pr's put out? Are you just purely dreaming?
There apparently was no buyback.
i agree 100% em
Did we reach the bottom?
Yeah, and "friendly investors" lol
-All we need is some validating going on here and this stock will really start to take off.
Have a good weekend chuck. I'll be curious to see what our next press states!
-oil
Here is what I came up with; Stock is purposely being brought down as low as they can get it. Lame, open ended press releases are being put out to help in that effect. Most likely the week after next the company will come out with their reserves report and uplisting. Right before that information comes out look for a big spike in share price. .10-.15. There are some investors holding some big cash waiting for the right time.
Most likely no news next week due to 4th of July week.
klon, Have you ever talked to Jon?
Roiresearch,
The company
Klon,
Are you going to be buying again today?
I have heard that information regarding the TSX deal would come out this week and that the much anticipated reserves report would be out next week.
Lets vote: Will tomorrows stock price be closer to .04 or .07?
umng was my first pinksheeter i ever invested in. I now realize the corruption that actually exists here. I'm afraid I still don't know. Is it day traders on steroids, frantically trading back and forth? Perhaps. Could it be a few hedge funds painting the tape, hoping to make it look like the sky is falling? Maybe. Could it be huge numbers of phantom shares out there, making the reported float inaccurate? I guess it's possible.
Unfortunately, Reg SHO appears to raise more questions than it answers. As the DTCC is quick to point out, its job is simply to report the failed settlements. It is up to the SEC to actually do something about it.