I think the word is a disaster - Ingram and Hulmes (in the past) have been a fustration.
I agree with what a few of you have said in the past - perhaphs URL is best to simply be an exploration company for now. The banks are a greedy mess at the moment, all they care about is using TARP money to better themselves such as buying up other banks or paying themselves bonuses. I do not think a player like URL has any chance to borrow money - even if they have 30m in the bank with an approved 20m facility at present. Let's do a CDU - keep drilling away and firm up some serious resources. This will drive the share price up and from there we could capital raise through share placements. The banks are not good to borrow from these days, no doubt, given half a chance, they will rip us shareholders off wherever they get the chance. The banks are a pack of wolves. Look at PNA - just aboout bought to its knees a few months back thanks to the likes of GSJBW. A share that was at $1.20 fell to 8c a share.
URL Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held