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Re: Risicare post# 10606

Saturday, 03/31/2007 9:29:36 AM

Saturday, March 31, 2007 9:29:36 AM

Post# of 27225
Not being a Canadian company is not the issue in my opinion...the question is, "how are they going to get uranium out of the ground and process it into a marketable commodity" ?

Anybody can lease a claim area with the Canadian government, I bet I could do a neighborhood collection and we could establish our own claim LOL...but who in the world would lend us money to find the ore and extract the uranium from it? smile

GLXI has not shown any plan or capability to finance the next leg. Their only possible source of capital (Trimax) they have PRd is as elusive and spooky as they come (my opinion), all you have to do is look at other posters DD on this "firm".

In my opinion the people who pumped up this play on uranium are long gone with some good profits...just be careful...
Sand

My opinions are mine, your level of DD is yours, always !