URL 0.00% 13.5¢ universal resources limited

If we have another slide in the world economy (due to Dubai and...

  1. RRM
    590 Posts.
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    If we have another slide in the world economy (due to Dubai and other factors) - then I see URL going sub 2c again.

    A mere 3K in this stock at around 1.5c (which is very likely before the report on the merger) could net you in a lot of shares. Then if by some miracle, things finally take place and we get going after 6 years of nothing, the 1.5c shares could be worth a small forutne. I see URL at 20c in about 5 years time assuming Roseby got going and the VCN project. It should be a lot higher, but thanks to the messing around by management, the significant amount of shares they have had to raise over the years has really diluted us.

    Then again, nothing may ever take place. Think of it as an option with about a 5 year duration and a 10c strike price. With such worthless shares, that is basically what it is - an option type gamble that will either win large or you get striked out.
 
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Currently unlisted public company.

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