Fundamental Data - ENERGY FUELS INC.
Security Type Equity Shares Issued 76,482,602
Year High 0.71
Year Low 0.11
Annual Earnings/Share -0.08 CAD
P/E Ratio -4.19
7-24-2009
Security Type Equity Shares Issued 76,482,602
Year High 0.71
Year Low 0.11
Annual Earnings/Share -0.08 CAD
P/E Ratio -4.19
CASEY ENERGY SPECULATOR - Recent Company News
7-24-2009
Comments:
The amalgamation of Magnum and Energy Fuels (T.EFR) is a great deal for both parties, since it combines the development projects of Energy Fuels with the exploration potential of San Rafael held by Magnum Uranium.
The combined entity also should have enough cash to make an enticing takeover target for a larger company. However, in a weak uranium market, we will be placing our bets on companies that have projects further in development and not such high capital expenses to start with.
When the uranium market begins to pick up again, we may re-recommend Energy Fuels as a buy. For now, we are closing our position on Energy Fuels, as it is turning into a development story, and away from our original reasons for investing in Magnum Uranium.
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