URA 5.56% 1.7¢ uran limited

employee options issued, page-11

  1. 390 Posts.
    Hi Satori and other URA follers.
    Your points are very valid indeed. It can be very frustrating for shareholders who have been waiting a long time for things to develop, especially when you see many other "u" stocks constantly being rerated, which is not very encouraging for those holding URA. One thing I have observed if you follow MK a lot of patience is required. I mean a lot lot of patience. This is how he seems to operate. CSM was a typical example of this. I held the shares for years and sold out around 40c because nothing happened and was very frustrated with the way management played a wait and see game. Soon after they went to $3+ in a matter of a few months and you can image how I felt. I know someone who held on and made a fortune.
    Going back to URA, my views are the same game is at large. Be patient or get out as MK will not be dictated on what the market wants. I understand MK struggled to get institutional support in the early days of CSM because of secrecy and his regard to the market. Why did MK leave CSM before making it a Billion $ plus company? Since leaving CSM MK has gone on to become chairman of many resource companies instead of concentrating his efforts on making another successful company. I am sure things will eventually turn for the better but only when MK is ready which is not the same timeframe as shareholders.

    So if you believe in MK then patience is required.
 
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