I was talking to Peter 2 times and he was very negative about the company (very strange being negative about your own company ???), but on the other hand he said there is nothing certain yet with loosing licences in Africa.
He advised me to sell all my shares , since that is all I could do incase the company fails. But this made me suspecious, bec it looked like they want to get all the shares even from the float, before a possible take over or wahtever they do to save the company. We know Areva is a nasty competitor. There are many things they could do to save the company (sell it cheaprer like 1 EUR a share, go into JV, get financing). They still have other licences in Argentina and Mexico. They should be worth something. And as I know , they had several potential offers f a buy out.
Most of the Outstanding shares are in the hands of insiders anyway or investment companies, thats why I would asume , they are trying to save the company, including Peter.
However situation at this moment is very unclear. It can be winning or failing. But I know another stock , that also had great problems with licences, just before teh take over and evrybody was selling, but at the end take over happened and those who stuck with it won.
I dont see any reason to sell now, nor did I ever sa much selling when this stock was trading almost at 2 EUR. This tells me all the major shareholders are still holding.
I think the best thing right now is to wait or maybe some people are even shorting, since we see this amazing jumps f 80% a day and back to 0.004. I dont know how much shorting in Europe is even allowed. However 80% profit is nice on the way up or down.
Good luck to all of us here. I would be glad to hear any information from those , who were talking with uranio Ag and Peter G. or just having some other opinion on it. Looks liek people are holding, so ....... |