Home > Boards > US OTC > Mining/Resources > Athabasca Uranium Inc. (ATURF)

ATURF.PK mentioned by seekingalpha.com..05/11/2011.

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Correction to Indianapolis Shooting Article
Rupal Thanawala is a 25-year Indianapolis resident originally from Mumbai. "After FedEx Shooting, Indianapolis Grieves" at 1:07 p.m. and 5:30 p.m. ET incorrectly said she is 25 years old. The Indy 1500 Gun & Knife Show was held Saturday. "After FedEx Shooting, Indianapolis Grieves" at 1:07 p.m. and 5:30 p.m. ET incorrectly referred to the event as the Indy 500 Gun and Knife Show.
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Gan   Thursday, 05/12/11 01:43:49 AM
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ATURF.PK mentioned by seekingalpha.com..05/11/2011.
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http://seekingalpha.com/article/269270-8-uranium-bargains?source=yahoo
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Athabasca Uranium (ATURF.PK) is trading for about 20 cents, well off its highs of nearly 50 cents per share. Canada is the Saudi Arabia of uranium and the Athabasca region is the richest region for uranium in Canada. The Athabasca Basin is estimated to hold about 1/3rd of the world's uranium. This company is exploring about 80,000 acres of land in the Athabasca Basin within close proximity to major uranium companies like Denison Mines. An analyst report on Athabasca Uranium can be read here. The tsunami was on March 11, and Athabasca completed private place placement at about 38 cents per share within days of that event in Japan. You can read about the private placement here and here. This gives current investors a chance to buy for about 50% less than the recent private placement price. I believe these shares could easily rise to $1 or more in the next 12-18 months based on the possibility of good news with this company's exploration results and a general rebound in uranium prices and stocks. With a strong balance sheet (just over 10 cents per share in cash) and no long term debt, there is lots of potential here, with limited downside from these levels. You can see the financial data which shows about $4.6 million in cash and no debt in the investor presentation here.




This is all IMHO and with the limited research I have done. I do not give advice, please do your own DD
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