2/9/11 Below is santoo2 first post on URA/KABShare price at the...

2/9/11 Below is santoo2 first post on URA/KAB
Share price at the time 2.9c so you'd have to asume he bought in about this level.
Lets have a look to see how accurate he is or is not.

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All the above might no be a bad thing for uran after all, why on earth would those "high fliers" be involved in this micro cap if they can't smell the money?

And if they can, then shareholders should too.

2.2 cents is underwritten, that should be an absolute bottom. This is 3 million in the bank and some other 3-4 million coming from the "worming up" production over the next 6 months before the real digging starts.

And you will be looked at by the market as a producer with income stream and dollar signs, you are not a hopeful explorer that people will dumb on the first sign of unrelated panic on wall street, half the world away.

Colourful figures like these might be something to watch if uran is a multi 100M market cap company and the risk to the downside is big. This is not the case here, they want to take URA higher so they can benefit themselves. they are not here for a salary.

The options URAOA, has to be one of the tastiest deals in the market today, at the current price, it is basically a giveaway. Like all options they have their risks, but what about the upside? They are valid till July 2012, 4 months after the upgraded production for 10,000 tons of ore per months is in full swing. This is $2.5M per month in profit. Or 30Million/year. and at %0.75, URA share of this bonanza will be well over $20M/ year. IMO

at 7 PE... well, you can do the maths!

But if everything went well for URA, and the share price is well over 10 cents, the way I see it. Then for the options, are they a 10 or 20 baggers from here that is the question.

Please do the calculations and I am happy for anyone to find and discuss any flaws, but I believe number on this little ann. of yesterday while conservative, are quite reassuring.

That was a good blast!

DYR
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I had a real good chuckle on this one san too

Then for the options, are they a 10 or 20 baggers from here that is the question.