The ongoing revisions to the underwriting from 3.2c to 2.8c and then 2.4c still can not catch the downward spiral for URA. Why would shareholders (or the underwriter for that matter) subscribe for shares at a price 25% greater than what they can buy them for on market? With the rights issue so far out of the money, and the Company's last 4C showing a a burn rate greater than its cash position, my concern is not for the grades of its drilling program but the solvency of the Company. What are management doing to sure up the Company's cash position? Let me guess--dropping the underwriting price to 2.0c???
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- when will the underwriting drop to 2.0c?
when will the underwriting drop to 2.0c?
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