The cash burn can be attributed imo to the aggressive push into Czech communities with the PR push to get community support for new and existing applications.
I think we also need to be mindful of the trial mining process in Pribram. The company has been spending $$ there.
Perhaps Ukraine negotiations are taking a few $ as well.
So the cash burn on the surface may look to many like; "Cash for what?"
It is unfortunate that Uran do not have a 'tangible' project/s to pin its valuation/s on.
SP3 I know you are tongue in cheek re fraud comments.
The management imo are legitimate...if at times distant, vague and perhaps a little too reliant on the use of 'confidentiality in negotiations'.. denying shareholders and the market adequate disclosure on current status of negotiations and projects.
That said, i'm confident that the current team will acquire project's' shortly.
Kate Hobbs inparticular must be champing at the bit to prove a vast majority of shareholders and the wider market and her peers wrong.
If she manages to acquire Ukraine projects, despite the delays, one would have to conclude that she has done what she said she would...at least in part.
If she manages on top of that Czech acquisitions then she is a marvel.
I am backing her in...despite the fact she still has a way to go with shareholder communications..
BUT...she is improving.
URA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
