Thursday, November 30, 2017 10:56:17 PM
It is one sorry scam and the numbers don't work. At the EOY they will have $3 mil in cash. For 2018 they need $5 mil for ordinary expenses, $3.3 to Areva, $1 mil for Halden and $ 2 mil to fund the phony JV. That's a cash deficit of approx $8 mil. They will need to raise a minimum of $10 - $12 mil. Even their phony projections show no positive cash flow until 2027. Good luck getting funding. And that is just 2018 requirements. Multiple that by 9 years. But then again they will tell you that utilities or the gov will fund them. Seth has no credibility on the street due to previous false promises.
If you are an expert in the nuclear fuel mkt then you should buy more. I have news for you but this company is laughed at in the nuclear arena. Areva is in such sorry shape they are willing to take what little cash they have.
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