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Clear to .98 again than one small wall...
Someone has alot of shares..trying to hold this down. You know the short interest as of late ?
Love having this all to myself !! Stay with them pinkies morons...
green baby
This stupid thing always trade in tenths' of pennies ?? Kinda funny to watch all these idiots competing for a dollar. It's like an "ASK" war. Morons....
2012 has been a great year for stocks thus far, although uranium (along with rare earths) have been especially worthwhile: in the first month of the year, the uranium sector as measured by URA rallied over 28%.
I believe uranium has much further to go, as I expect the majority of uranium stocks with fruitful operations as well as the underlying metal itself to re-visit their previous all-time highs reached in 2007. And as we inch closer to the conclusion of the Megatons to Megawatts program while geopolitical tensions continue to intensify, I think the odds of sharp increases in the price of uranium become more likely.
And so I'm bullish on the sector, as I've noted numerous times in my previous articles on Seeking Alpha, and am on the hunt to find the best opportunities in this space. Accordingly, the next stock I've added to my watch list is Uranium Resources (URRE). Here's the rundown of what I find noteworthy about URRE:
The firm has been around since 1977, operating primarily in New Mexico and Texas in the United States. It has had some profitable quarters, most recently during the uranium bubble of 2007, but has not been profitable since. The firm has produced over 8 million pounds of uranium since its inception.
Most noteworthy is that URRE has 183,000 acres of uranium mineral holdings and 101.4 million pounds of in-place mineralized uranium material in New Mexico -- as well as an NRC license to produce up to 1 million pounds. If that resource is fully monetized at rising uranium prices in the years to come, that could really catapult this company into a good position. From my perspective, this is what is most promising about URRE.
URRE is also a firm that employs ISR mining technology to extract uranium. I am particularly bullish on firms employing ISR, as I believe the value network surrounding ISR can disrupt traditional open-pit mining, enabling uranium to be extracted at lower costs and delivered to customers that previously may have been priced out of the market. This is an especially important consideration when we look at other parts of the emerging value network in nuclear technology, which includes the development of smaller, modular nuclear power generators as well as corresponding technology pertaining to nuclear waste/recycling.
URRE also has a bit of "smart money" factor, in that it has a joint venture with Cameco (CCJ) - the largest uranium miner in North America. And given its location in Texas and its employment of ISR, it also is very compatible with Uranium Energy Corporation (UEC), a company that bears the same characteristics. Is there a takeover possibility here? Perhaps.
Insider activity is something I find less than promising; many insiders seem to have sold at quite low prices. Perhaps there were personal reasons, perhaps they just got scared like many others after the Fukushima crisis...either way, though, the fact that most of the recent activity has been selling-related leaves me wary.
I also find the balance sheet to leave something to be desired. The firm's current ratio is under 2 while its price to book ratio is over 3.
At this point, I have to pass on URRE, but I have added it to my watch list. If the price-to-book ratio can fall to under 2, I may find it to be worth a shot. And given the stock's immense volatility - its beta is near 3.5 - this is something I certainly think is possible if there is a broad sell-off.
Like many stocks with a market capitalization of under 200 million in promising sectors, URRE is one where I think investors can enter on a pullback, exit half their position on a quick 100% rally, and let the remainder ride until the sector as a whole appreciates too much too fast.
Disclosure: I am long UEC, CCJ.
Uranium Resources Could Outperform Sector At Large - But Wait For The Dip
So, was .80 the dip ?????
.94 AH'S... Nice 40k buy and 707.
figures....
Came close... .9485 / The close will tell the real story. Break a buck ??? Just gotta keep chewing away at that ASK . Twice the 100dma volume by noon... Hopefully we won't see a sell-off at close . There was alot of shares bought in the last hour yesterday.
Don't think so...nice bouncey today. Need to keep PPS above a buck though.
Congrats to anyone that picked some up at .80 yesterday.
Wow, what a massive dumpfest today , the last hour was ridiculous . The ammount of shares someone wanted to get rid of..
I hate this stock. ASK just keeps getting piled on ~~~
Pitiful display of Leadership L&G . Why don't you hand the reigns over to someone with some mining knowledge.... Geeze, enuf already !
Buyers all gone. Just sellers today / sick of this crap !
How long is this BS gonna drag on ? No wonder why our court system is in such terrible shape.
Wow , big range on this turd. Let's fight over a hundreth of a penny......ASK was small a few minutes ago. The scum just crept out of the basement.
Ask size 234K / 400K buy and the ASK size doesn't move ??? What is wrong with this picture ??? Market makers naked shorts being covered ~ that's what going on.... Been watching these crooks all week !
What the heck happened to .0022 yesterday ? It was looking good before I shut 'er down around noon... Can't seem to hold any gains these days.
Looking for lift-off today. Great support..very thin ask. You got that right DUTCH !! Something about to break.
.0022 coming soon..get your lottery now !
25M of support @.002 ~ not too shabby . This could actually move today if Ray doesn't decide to wipe out the bid. Only 3.5M on ASK
400M added in 2 weeks ? Thanks again Ray you fucnugget
25m as support ? TY all loyal shareholders... but were gonna need 100 billion more. Screw these azzholes ! This is TOAST..
ASK size 300k ...just had a 450k and 150k BUY and the size doesnt move ? Are these AON orders that don't show up ?
The only place this is going is down....shareholders have tried supporting the bid day after friggen day only to be evaporated by the noteholders. Ray better have a pretty large rabbit up there.
Not if it stays above a buck...seems to be doing that today . Whats all the excitement here ??? $1.08 >>>>>> YAHOO
IHUB slammer I hope...Should've stuck w/ ATRN... nice move there. BUT NO ... I buy this crap. STEM making a monster move today also,,,bout x...
What would Cool Hand do ? BAIL OUT OF JAIL !!
Thanks for your insight fmrick.....not looking good at all. Hate these bastards !
Horrible way to run a business ! Your parents should be ashamed of you , you low life piece of garbage !
Ray should be pissed on !
ray ray must of woke up ....x 2 sell some shares...friggen idiot
I know Johny.... think we be green today. Looking to get his head out of his azz and give some value to this baby. WAY OVER-DUE. Take care, see ya all on Friday.
Rayray ,,KISSES AND BUTTERFLIES TO YOU !
RAYRAY, stop loading up on the ASK every friggen second and get back to work saving humanity !
This stock just pisses me off !!!!! :)
"We will not see any money in this stock till we are chasing it up " ???? That's why I'm in it NOW !!!
Looks obvious to me the dumpfest has subsided for now ..