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Re: luckydude777 post# 3784

Wednesday, 03/14/2007 5:01:34 PM

Wednesday, March 14, 2007 5:01:34 PM

Post# of 44855
LuckyDude: Actually that post was intended more for entertainment than provoking thought but you do raise some interesting "possiblies" about the buckets.

I understand the uranium is in much shorter supply based on current as well as perceived future demand. Should the outlook remain what it is now and nuclear power become the new fad again (which I believe it will) then uranium will surely become the elite of the commodities, which is why I'm looking at uranium stocks.

There are a lot more assumptions built into that conclusion than one might think (which I won't get into details or I'll get side tracked), what I have a bigger problem with than the demand for uranium is this particular so called uranium stock, lets look at the following three pr's:

Wednesday, October 25, 2006 17:08ET

HOUSTON, Oct 25, 2006 (BUSINESS WIRE) -- Russell Industries, Inc. (PINK SHEETS:RSDI) announces that it has finalized its divestiture of WB Solutions, an oil and gas services provider. Rick Berman, Russell Industries President and CEO stated that "We acquired WB in 2005 with the idea of assisting the Company in continuing its development of their proprietary water reclamation technology in the Coal Bed Methane market. Looking forward Russell Industries will focus on revenue based acquisitions instead of trying to develop technology. We sold the technology for 28,500,000 shares of Russell Industries stock, which we will use to further acquire potentially profitable mining claims."

Earlier this month Russell Industries acquired 54 Uranium and Vanadium mining claims in Utah and is active looking at seven other sites in Nevada, Arizona and Utah. The company's President went on to say, "With the recent acquisitions we have today, we are very excited about the near future, an the partnerships we are developing."

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Note: 28,500,000 shares sold "to further acquire potentially profitable mining claims."
and then they enter the hotel in the bahamas business. Do the Bahamas have any uranium?
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Thursday , January 18, 2007 16:50ET

Jan 18, 2007 (EWORLDWIRE via Comtex) -- Andros Isle Development, Ltd., the Nassau, Bahamas based wholly owned subsidiary of Andros Isle Development Corporation (Pink Sheets: AVPJ) today announced that it has signed a joint venture agreement with Russell Industries, Inc. (Pink Sheets: RSDS) "The purpose of the Joint Venture is to facilitate the acquisition and development of Condo Hotels, Luxury Resorts, marinas and high end and resort communities in the Commonwealth of the Bahamas," stated Rick Berman, president and CEO, Russell Industries.

The joint venture team in charge of managing the operations of the yet to be named venture is currently analyzing potential projects, and it hopes to announce the first joint project in the coming weeks. The team is focusing on hotels that are currently operational that can be redeveloped as condo hotels as well as on small, ultra luxury development projects in the family islands.

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Note: Now they want a another million bucks for "expenses, working capital and potential acquisitions" (don't say if its hotels or uranium mines) but what the heck, it is debt free, right out of the pockets of them "day traders and chat room "conspirators". (see below)
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Monday , March 05, 2007 06:04ET

HOUSTON, TX, Mar 05, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) would like to update its shareholders regarding its capital raising. The Company has been raising equity capital pursuant to and in compliance with SEC Rule 504 Regulation D since August 2006. The Company plans to raise up to $1,000,000 and has raised $367,000 to date. The equity capital is being raised for expenses, working capital and potential acquisitions. The Company has chosen to sell its shares to only accredited investors to raise equity capital, rather than borrowing to raise equity capital. Therefore, to date, the Company has no debt from loans to raise equity capital. The Company, its Investor Relations Department and Transfer Agent have recently been barraged by what appears to be day traders and chat room "conspirators", in a non stop effort to encourage the release of premature press and ex-parte company information their short term gain. Russell Industries plans to continue to raise equity capital and will not release gratuitous press and will make information available to the public only on the company's website, www.russind.com, www.pinksheets.com, and through press releases when Company news warrants it.

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Top of the ibox says:
"The shareholders are and will remain the company's number one focus." Do you live in the Bahamas?

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The point is, it takes a long time and a lot of money to get any kind of mine to actually produce anything, they haven't even gotten any modern geological reports, drill samples or anything they can take to the bank to borrow on other than some old mining claims (claims being the key word here), which thats not all bad, there is definitely potential here no doubt but nothing concrete yet that I can see. If they just want the claims to sell to others then thats cool too but what grabs my brake pedal is this distraction over hotels in the Bahamas when the focus should be on the uranium or at least the shareholders that are expecting uranium results (not sunburn in the bahamas) and the real turnoff is the daytrader, chatroom conspirator attitude when investors are simply concerned with their wealth disappearing on them in the name of uranium when what they're really investing in is foreign hotels. Where will the money come from to get the uranium mines producing? How will the geologist, permits, equipment, employees etc get paid for if all the money is going to rebuild hotels in the Bahamas? This just don't sound right to me so I don't think I want it at .0005 even. I found out that there is no such thing as "bottoms" reverse splits can make it a bottomless pit. I'd rather go with gptc or irng than this one, their claims may not be as big or loud but they're both totally focused on mining and already have permits, drill results and financing.

Look at this chart http://www.profitspi.com/stock-chart.aspx?id=RSDS&ca=1598522895 and you can see it is nothing but a year long downtrend that is not broken even by todays 120% ralley. Theres a reason this stock is this cheap, you know the old saying, if it sounds too good to be true then it problaby is.
This chat room conspirator prefers a "dedicated" uranium mining business with certified reserves rather than historical guesstimates to loan his money to, the only radiation proven here is the sunshine in the Bahamas! (maybe thats those expenses he referred to). Even when the price hits .0005 it may be reverse split time again. Which I hope I'm wrong.

Oh well, intelligent people go to war on conspiracy theories so I guess a few pennies spent on uranium theories ain't bad. I heard from "reliable sources" that Niger has some "yellowcake" you might could make a deal on. Then again it could surprise me and turn out to be the next mgmx (in fact the claims are very similar only mgmx was focused totally on gold mining only). Check the price on mgmx now and you'll see what I mean.

Later!

"Any man willing to give up a portion of freedom for a portion of security, deserves neither freedom nor security" ... Benjamin Franklin