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We are screwed. Boy i hate stocks

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Securities Registration: Employee Benefit Plan (s-8) Edgar (US Regulatory) - 11/23/2020 8:34:28 AM
Securities Registration Statement (simplified Form) (s-3) Edgar (US Regulatory) - 11/20/2020 5:20:19 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 11/18/2020 4:43:54 PM
Westwater Resources Announces Third Quarter 2020 Results and Business Update Business Wire - 11/12/2020 8:00:00 AM
Westwater Resources Announces Conference Call to Discuss Third Quarter 2020 Results & Business Update Business Wire - 11/6/2020 8:00:00 AM
Westwater Resources Announces Receipt of 30 Metric Tonnes of Graphite Concentrate for Pilot Plant Production Business Wire - 10/9/2020 8:00:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/8/2020 5:25:00 PM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) Edgar (US Regulatory) - 10/8/2020 5:23:14 PM
Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) Edgar (US Regulatory) - 10/5/2020 8:08:21 AM
Westwater Resources Applauds the President’s Executive Order to Ensure Secure and Reliable Supplies of Critical Minerals Business Wire - 10/5/2020 8:00:00 AM
enCore Energy Signs Binding Agreement to Acquire Westwater Resources’ Uranium Production & Resource Assets GlobeNewswire Inc. - 9/9/2020 12:11:24 PM
Westwater Resources Announces Agreement to Sell Its North American Uranium Business Business Wire - 9/8/2020 8:00:00 AM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) Edgar (US Regulatory) - 9/4/2020 4:38:49 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/4/2020 4:35:17 PM
Westwater Resources Announces Start of Pilot Plant Program for Battery Graphite Business Wire - 8/20/2020 8:00:00 AM
Westwater Resources Announces Second Quarter 2020 Results & Business Update Business Wire - 8/6/2020 8:10:00 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 8/5/2020 4:38:15 PM
Westwater Resources to Present at the SNN Network Virtual Investor Conference on Wednesday, August 5, 2020 Business Wire - 7/27/2020 8:41:00 AM
Westwater Resources Announces Conference Call For Second Quarter 2020 Results & Business Update Business Wire - 7/23/2020 8:00:00 AM
Westwater Resources Announces Test Results on Coated Spherical Purified Graphite Business Wire - 7/9/2020 9:15:00 AM
Notice of Effectiveness (effect) Edgar (US Regulatory) - 7/8/2020 6:10:19 AM
Westwater Resources Strengthens Senior Leadership Team with the Appointment of Battery Materials Marketing Leader Business Wire - 7/1/2020 8:00:00 AM
Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) Edgar (US Regulatory) - 6/30/2020 4:46:50 PM
Securities Registration Statement (s-1/a) Edgar (US Regulatory) - 6/19/2020 4:56:28 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/16/2020 5:14:55 PM
bobst2003   Wednesday, 10/21/20 06:20:50 PM
Re: None
Post # of 822 
We are screwed. Boy i hate stocks cost me 10K in a week

Do Not Buy Westwater Resources on the Dip
10/21/2020 8:15am EDT
By Will Ashworth, InvestorPlace Contributor
On Oct. 6, InvestorPlace’s William White highlighted the Trump executive order that sent Whitewater Resources (NASDAQ:WWR) stock up 25% to a 52-week and two-year high. Since then, despite the excitement surrounding the White House’s desire to have domestically produced graphite available, WWR stock has lost 63% of its value.


construction workers point at mining equipment in the near distance
Source: Shutterstock
There are times to buy on the dip. This is not one of them. Here’s why.

A 40-Year-Old Business That Can’t Make Money
Right there in the first sentence of the company description section of its 2019 10-K is the statement that Westwater is a 40-year-old company that was originally incorporated as Uranium Resources in 1977.

Now go to the balance sheet, and you’ll see that it’s got an accumulated deficit of $302.4 million, up from $291.9 million in 2018. So, that’s an average annual loss of $75 million over the past 40 years.

If you look at the opinion statement of its accounting firm, you’ll see more bad news.

“[T]he Company has no revenue, has suffered recurring losses from operations, and has relied on debt and equity financing and asset sales to fund its operations, which raises substantial doubt about its ability to continue as a going concern,” states Moss Adams LLP on page 66 of Westwater’s 10-K.

About the only ray of sunshine is the $253 million in U.S. net operating loss carryforwards. However, the company estimates that $221.6 million of those carryforwards aren’t usable by the company, leaving the actual usable amount around $31.4 million.

But first, it has to have the actual income to offset. That’s going to take a while, even with Trump’s assistance.

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