egm, page-61

dsm0 - hope you like my hc alter ego.
I chose my name just like you did.
Now what does dsm0 stand for?
Mate, if you read through my other posts I have never questioned the resource. IMHO I think it is a monster. However I have questioned management. The quarterly?s do not read anything like a mining companies quarterly. There is lot?s of words but no real direction. The wheels are spinning but there is no momentum. To me the lack of guidance is really leaving a bad smell.

And jozsnot, I would like you to put the smm takeover in context. At that the time the all-ords were trading at 6000 +, the DJIA trading at 14000+. There was a bubble in nearly every market you could think off. U possibly was the biggest bubble of them all. URA was trading at $1+, BMN $4+, MTN $6+, PDN $11+ and the list goes on. What are these stocks trading at now.

The U spot price was only trending up towards the $130?s. UP being the operative word.
Well just about anything that produced an uranium result would trade at multiples over the next few days.
It was a good time to own any U stock.

Times have changed my friend and there is a big bad bear in the U space. Hopefully this bear is like a dying wild animal conserving it?s last bit?s of energy to strike out at the bulls one last time.
For me, to make this investment a bit less risky then I want to make sure that the bear in the U space is dead. I want proof and right now the bear still has some energy.

However things are looking slightly better with what looks to be bottoms in pdn and era. This needs confirmation.

And for disclosure I have picked up a few more traders for the time being. Maybe if we have the bear?s funeral I will put them into the long term basket.

And more thing jizzsnot just maybe the stock held was a short contract. Then to close out that position I would need to buy.