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Getting in while it's still over $150 million
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Negative net income for 2005-2006. P/B is 10.49 so I'd say it's well overpriced. And they're apparently causing lots of environmental damage. Here's the quote ... The story has taken now a turn for the worse. A recent article in the San Antonio Express News shows exactly what URME is doing in its business operations.
“We can’t hardly use it. We’ve quit drinking our water,” said concerned neighbor LuAnn Duderstadt
“The more they drill, the cloudier our water gets,” said Craig Duderstadt
This couple had the water tested after their cattle stopped drinking from the trough.
We believe that the people of Goliad Texas will successfully be able to defend their land against URME and therefore render their “advanced” in-situ uranium site worthless.
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Thumbs down. Unless of course they suddenly find diamonds right next to a gold deposit which is right next to a uranium strike...
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shamelessly ripped from eldrehad
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Unfollowed Stock? Check.
Overvalued? Check.
Stocklemon hates you? Check.
Run by a bunch of Stock Promoters who have run several other companies into the ground? Check.
No real value model because you have no proven uranium reserves? Check.
Pure Hype and Speculation leading to a way too high share price? Check.
Short! And Reap the profits.
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