WWR (ASX) Exciting Times

Originally posted by samfiodiving ↑

Cled i dont mean to be Rude here but why would the FAT CATS on their huge salarys want to buy shares in this DOG when both yours and my equity is slowly being diluted by the constant drip feed of shares in lui of interest payments to the number 1 holder, so that they can live in the lifestyle they are accustomed to

Did anyone actually read their financials before voting it was all in there and is still going on just like clock work the only difference now is Cronin is now in the trough to LOL

Please all read and digest just recently and there is more

NOTE : URI expects that its existing cash balances, excluding the net proceeds from the offering, would provide it the necessary liquidity to fund its current operations through the end of 2015

Liquidity and Expenses
We had approximately $3.8 million in cash at September 30, 2015 and approximately $1.5 million at November 9, 2015. On average, URI expended approximately $1.1 million of cash per month during the first three quarters of 2015, expects to spend approximately $1.2 million per month during the remainder of 2015 (excluding Anatolia transaction costs of $1.5 million), increasing to $2.0 million per month during the first half of 2016 for Temrezli permitting and construction planning activities and increasing to $3.1 million per month during the last half of 2016 as construction of the Temrezli central processing plant begins. If additional capital is not available in sufficient amounts or on a timely basis, URI will experience liquidity problems, and URI could face the need to significantly curtail current operations, change our planned business strategies and pursue other remedial measures.
URI ceased uranium production activities in 2009 due to sustained low uranium prices and does not anticipate receiving significant sales revenue and related cash inflows for 2015 or 2016. URI expects that its existing cash balances, excluding the net proceeds from the offering, would provide it the necessary liquidity to fund its current operations through the end of 2015. URI also continues to look for ways to reduce its monthly cash expenditures at its current operations and to explore opportunities

TO LATE TO CRY NOW

QUESTION IS DO YOU SIT OR DO YOU SALVAGE WHAT LITTLE YOU HAVE LEFT

WOULD APPEAR SOME ARE TRYING TO SALVAGE.

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what an absolute screw-up. WTF are URI doing?