market depth, page-47

Hi Folks

Good post SP3

Fundamentally things have improved however since end of 2006.
The uranium price for one. Many forget that. It took a while to break above $40 pound.
If you recall $60 was hailed as excellent. The message impact has been lost once the 'timelines to production' hit the market for all companies.
The market got informed.
But we know that Uran, IF IT ACQUIRES UKRAINE PROJECTS, will be producing uranium within a year.

That puts the company in a relatively strong position and as ive said before in the top handful of companies in the sector regarding generating $$ from uranium mining.

These projects were considered good 30 years ago. Uranium spot price is far above the earlier levels when Uran reached $1.68.

Like you I am not sure whether $1 will be reached in the next several months. It should based on what we think is fair value for a project/s like Ukraine and based on the further blue sky built into the other regions.
But the blue sky wont (and in fact obviously isnt) built in currently....because it has no foundation project/s or assets to rest upon.

I was VERY happy to see Ukraine will be finalising their 'Nuclear Fuel Ukraine' would be finalised by the end of this month because it gives me an indication of the possible timelimes from there re Ukraine acquisition, drilling and eventual mining and production.

We may assume 'reasonably' confidently that this new concern, once finalised, will be 'ready' to then sign off on long awaited negotiations for a number of companies.
We know the ministry is keen to get business underway. We 'know' Uran have been thinking more 'weeks' rather than 'months'...despite their 'in first half' comments.

This is how I see it (and for doomsday merchants just read my disclaimer at the bottom of EVERY post I write);

Uran acquires Ukraine projects by the end of March.

That gives Uran 9 months till end of year. 'For me' thats an important point.
Why?

Because guidance from both Kate Hobbs and Pat Ryan on seperate occasions has stated that production would happen between 6-9 months. They have been clear on this.

Taking the longer timeframe that still gives us 2008 for beginning production.

Ive lowered my expectations regarding the share price. Ive had to. The downtrend of over a year, the question marks of disclosure and management have, unfortunately, created this.

This will be overcome. But only on solid progress and effective clear communication from the company.

$1 would be a sound result..in fact a 'good' result once the market was aware that Uran had acquired and was either drilling, or about to drill 2 projects that would come online within 9 months.

PS SP3 I understand your position re wanting to make sure before you buy more.
I think the time to buy is now. 'Now' by the way has been the time to buy particularly for the last few weeks.

We saw Friday how the big orders werent filled.

Re buying, I am looking to get more..if I can. I wont be buying 'on' news. I will be buying 'before'

We may have some time to go yet till 'Ukraine' developments.

Thing is theres a host of other developments and projects that are due for further updates...particularly Pribram.