"The proposed acquisition, financing and restructuring was announced on November 1, 2010, when the company was trading at $0.19- 0.20 range, and the pricing of the financing reflects this timing. Therefore, the deal was made in context of the market, not despite it.
Increasing company holdings by acquiring an additional asset in the premier Uranium mining area in the US is a value added decision by management. Kindly note that the first permit granted in over 13 years for uranium mining in the US was recently granted to Uranium One on October 1, 2010, with another expected to UR Energy this year.
Since it was announced the share price has doubled while reaching a recent high of $0.46 cents. One may consider that the deal has re-instilled confidence in the market of Crosshair shares.
Regards,"
I beleive mgt team are looking for our best interest and performing their duties as they are supposed to. I compare this to other penny stock companies. It is much better here.
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