managements' probity, page-14

Amulet,

Maybe...maybe not. All speculation, of course (not that there is anything wrong with that).

You, like most others, just want to focus on the capital injection component of the Nucore deal. But the thing I keep trying to emphasise is that there was much more than that to the Nucore deal. It was also about board membership, marketing of mined yellowcake (Ur-Energy's principal interest in Nucore) and general industry networking and profile building. All these benefits Gus touted in the announcement and his BRR interview.

It is quite probable that things will turn for the better in the U industry next year. So given that, and the forecast benefits of the relationship, why the sudden exit.

Even if it was just about the money, the sudden exit would still be surprising. A solid DFS and a PTM will clearly get the SP back into the deal range in pretty quick time. Given that both these things are due 'shortly', why the Nucore impatience/loss of interest/2nd thoughts?

What do they know? This is the key question at the moment.