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23/11/16
19:05
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Originally posted by slick239
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WUC just released its Q3 financials. Just less than a half million in cash, but a burn rate of $160k per month, trade accounts payable of $575k, accrued liabilities of $218k, and the Nueco ($189k) and Siebel ($108k) loans are both in default. In other words, WUC is insolvent.
At least two million needed to commence production, as well as a U term price of $45/lb., a new milling agreement with White Mesa, receipt of modified mining permits, and receipt of any required ablation licensing.
Tough few months ahead for Mr. Glasier, et al.
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7.4 earthquake in Japan, tsunami and a waste water cooling system temporarily shuts down.
With no panic reaction or sell off in uranium company's, tells me a bottom is in place, slick239.
in saying that I have been wrong many times before