This has been quiet for the last month due in part to many of us being 'sedated'..or is that comforted by Urans market updates.
Fact is, 1 month out we are yet to seal a deal regardless of mine, or anyone elses positive outlook for the future.
So lets start this again eh with the intent to put the focus back on 'tangibles' and unanswered..or not even thought of questions.
This is an important and crucial time for the company. The AGM opportunity should not be missed or taken for granted based on a few 'developments' that have delivered 'nothing'
The company needs to be put under the spotlight and the hard questions need to be asked.
Questions:
Ukraine: "18 months of negotiations. 12 months of delays. 2 lapsed options re Discovery, a further 9 month delay from that point and we are now in the midst of 'negotiations'. All impediments to progress appear to have been lifted, including the recent elections. Just where is Uran at with these 2 Ukraine projects and is Uran in a position to successfully negotiate for further projects in this country?"
Ukraine: "Kate Hobbs declared in 2006 that Uran would be producing uranium in 2007. The company has not been accountable for these comments. Where is the company at 'now' regarding 'production opportunities' and when does Uran expect to start uranium production?"
"Is the AIM listing still part of the companys plans? If so please explain generally the process that this involves and the timeframes here"
"How positive does the company view Pribram waste dumps uranium extraction and what is the time frame here regarding eventual production at the Rozna plant if feasible? If economically viable what % interest does uran hope to secure?
"Why is the company appealing the Brzkov decision?
"Is Uran considering other closed mines in Czech? Based on media reports it appears that Pribram is one of those mines. Is this correct? If so, what are the chances of this mine (or others) reopening?"
The recent MOU with Kazakhstan is surprising judging by the recent comments of the former chairman Michael Kiernan and his less than positive outlook for negotiations in that country? Just what is this MOU actually worth and is this another demonstration of another round of developments with no tangibles attached?"
The company has on a number of occasions and on the website claimed to be looking outside the CIS including Africa and USA. Is the company progressing in these regions and if it is how does this fit with the CIS focus?
Is Uzbekistan a probable production opportunity for Uran? Based on comments from Kate Hobbs in Novemeber 2006 it appeared the advanced project in Uzbekistan would be acquired? What is happening here?
"Was the Bulgarian application process a fly in fly out opportunistic grab for exploration targets without much thought behind it? Does the company seriously see production opportunity for itself in Bulgaria?"
"Why is it that Uran havent taken responsibility for the current market capitalisation and events leading to that instead of commenting on the state of the markets and in effect not taking responsibility for company decisions and management that led to the dramatic fall?"
"Is management accepting of the fact that their communications over the course of 2007 have been poor with shareholders and the market? If yes, how are you going to address this? If no why do you think that?"
"The company doesnt appear to have gone out of its way to promote itself or roadshow itself to the broking community. Is this based on the fact Uran still has nothing after 18 months of trying to secure a project/s? Is the company preparing to promote the company when it does acquire projects?
URA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
