Powertech Uranium Corp Cl A (NASDAQOTH:PWURF)

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Player Avatar derwin24 (89.46) Submitted: 12/9/2007 9:58:34 PM : Underperform Start Price: $1.77 PWURF Score: +136.54

They are currently burning through cash at over $1 mil per month -- at this rate they'll last less than 10 months without selling more stock. Growing concerns over their desired location is an issue very unlikely to go away any time soon. In fact, Fort Collins City Council recently sent a unanimous request to EPA, State of Colorado, and Weld County to DENY ALL PERMITS. Even the Colorado Medical Society (consisting of more than 6,800 physicians) are joining the opposition against mining Uranium in this remote area. Bottom Line: things are looking more and more bleak for this company, and unless positive news is revealed any time soon I suspect Powertech Uranium may not be around a year from now.

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Member Avatar goldminingXpert (29.43) Submitted: 12/12/2007 1:45:17 PM
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I live in Fort Collins--I can say with a high level of confidence that the opposition is not strong enough to get the proposal blocked. Plus, Powertech has other good properties in other states where they can work.

It is possible that environmentalists will shut down Powertech, but I am willing to bet that Powertech will be around a year from now--and the stock will pop nicely when they announce good news.

Member Avatar derwin24 (89.46) Submitted: 12/18/2007 1:39:57 PM
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There is the slight chance Powertech Uranium will be allowed to mine for Uranium, but it should also be noted that there is also increased competition to provide "green" [clean] energy in Colorado: "At least $250 million, meanwhile, has flowed into solar, wind and ethanol projects in Colorado over the last few years as well, according to state figures, and officials at the new solar company said they were seeing their share of the tide [...] the company intend[s] to build up to a production level of 4.5 million solar panels a year beginning in 2009, employing up to 500 people, mostly engineers." - The New York TimesNot only is there increased competition, but if Powertech Uranium is permitted to mine for uranium in their desired location, Fort Collins will break the record as the "closest city to an open pit uranium mine". This record, I think, will not be one that gets broken. At this point, there are simply too many other options for the state to go with. Sure, there's always the chance Powertech Uranium gets the permit they are looking for; thus, causing a pretty big jump in the stock price. But the safe bet is to underperform this company, especially when their outlook is only diminishing with each new day.

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