In late 2006 Uran's MD annouced to the asx that Uran would be " producing uranium in 2007 ". Almost immediately after this annoucement the share price lept to over $1.60 and at the same time the MD'S son off loaded his 3+ million shares. Since this annoucement Uran has spun of it's only tangible asset ( a nickel deposit ) and now owns absolutely diddly squat ( nothing ). It's share registry now shows 51 mill - 6 months ago it was 35 mill. It attempted to buy part of the Rozna uranium mine in the Czech Republic but failed miserably sending the sp plummiting down to it's current levels. Since the middle of last year not one director has bought a single share on market. Management no longer keep the shareholders up to date on their negotiations or reply to emails or text messages. Unless Uran secures a deal soon the sp is going to colapse. Please research all of what i have posted with the company annoucements. Allmost all Uran posters here are sitting on very large losses and i think it is totally unethical to up ramp a stock while sitting on these loses. IMO DO NOT BUY THIS STOCK UNTILL THEY HAVE A PROVEN RESOURCE AND SECURED DEAL.
URA Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held