Uranium company founder upbeat

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The real question is whether Energy Fuels is financially stable enough to be trusted with the operation and ultimate clean-up of a uranium mill. The fact that they have a “going concern” statement from their auditors in their financial statements suggests that their independent auditors think that there is a probability this company will fail. Their current ratio is not encouraging, and is dependent upon their “inventories” to cover all current expenses. In financial analyst circles that makes the company illiquid. Their current stock price is $0.16, with a downward trend line.

You can see their financial statements here:

http://www.energyfuels.com/downloads/financial/June30-2012-Financials.pdf

You can see their stock trends here:
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=EFR:CN



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