Ann: Uranium Co-Operation Agreement Signed , page-4

I think their project is a good longer term investment as well, but what concerns me is that they may need to raise capital some time soon at these lower levels. Exploration was $1.9Mil last quarter and admin costs a high $1.2M leaving $5mil in the kitty. By the end of this quarter we could say that they may burn another $1.2m in admin plus whatever in carrying their business further....leaving maybe less than $2m in the kitty.

Any cap raising may need to be done at a discount.

from a technical point of view its as flat as a tac recently but the moving averages on the weekly are still in a downward bias, so maybe it will go lower and maybe it won't

Great project but I think that it is taking longer than anyone expected burning up valuable cash along the way. As to why it has taken longer cannot be blamed upon the company, but I think more upon the politics in Hungary.

I am certainly keeping this one on my watchlist.