Pumped indeed because AGS has a share in an asset that is truly unique.
Below is some very recent commentary from a source that caters for uranium professionals. Hope it helps you to put a few things into perspective.
spelling mistakes and all...
"Uranium Exploration in Africa has many challenges and difficulties due to lack of avialbility of Resources, infra structure and manpower and congenial atmosphere in these countries."
"In Canada, a lot of the uranium explorers are running out of money unless they have found a deposit on their property. This is due to the low stock prices, making it almost impossible to raise funds..."
"Truth is that the last "boom" lasted for long enough for a few smart talkers to swindle a few bucks, but died far to quickly for genuine explorers to develop anything serious."
"Given the difficulty of raising money for anything at the moment, anyone without a rich uncle or a large cash reserve is best occupied slashing costs. I think that the bulls will come out to play in 12 or 24 months and it may be uranium that coaxes them out first."
"Actually, there is a lot of uranium in Aus that was parilysed by the "Three Mines" policy, and is now parilysed by shortage of funds. The Aussies made bad calls in the '70s and early '80s."
And this is coming from the people that run uranium exploration companies.
There is nothing like being the custodian of a world class asset.
Thank you Four Mile!!!
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