RSSUranium company founder upbeat
A boost in the price of uranium would help assure the economic viability of a proposed uranium mill in the Paradox Valley, but technological developments could make it possible for a mill to…
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COMMENTS
Commenting is not available in this channel entry.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