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Dear Shareholder: Five uranium analysts have already issued reports expressing their view of the Company’s strong news release of October 14th announcing the agreement with Uranium One and Everest Exploration to acquire the Hobson ISR uranium processing plant, the advanced Palangana ISR Uranium Project and five exploration properties, all in South Texas within the vicinity of the rest of our operations there. We want to take a minute here to keep you, the Company’s shareholders, updated on all of these observations being expressed about our key actions. All five analysts are complimentary about this acquisition. In fact, all five increased their 12-month price target on the Company based on the acquisition! Briefly, here are some of the highlights and insights from these new reports by independent industry professionals. Alka Singh, the senior mining analyst with Rodman & Renshaw, stated the following: “In our view, this transaction is very accretive for UEC. A new ISR processing plant would have cost UEC over $20 MM and would have required an RML [radioactive materials license] for the plant. With the acquisition of Hobson, which is fully permitted, UEC has taken a short-cut to production... “Our Outperform rating is based on: 1) our positive view of uranium 2) the expertise of the operating team (the members of which have built all ISR facilities in Texas) and 3) the strategy to consolidate attractive uranium projects under one umbrella.” Ian Parkinson of CIBC World Markets Inc., the investment banking division of leading Canadian bank, Canadian Imperial Bank of Commerce, said: “…UEC would hold 8 properties in South Texas within 100 miles of Hobson, all with known uranium mineralization that could act as satellite deposits for the central processing facility at Hobson. NI 43-101 compliant resources would increase 71% to 15.2MM lbs U3O8… “We see this transaction as accretive, UEC management has previous experience with this asset [Palangana]...” Anthona D. Curic with Versant Partners, an investment bank based in Montreal that serves institutional money managers, wrote: “The successful completion of this transaction would result in UEC being able to fast-track and increase its production profile in the immediate near-term leading to cash-flow generation at a reduced capital expense…” Adam Schatzker of RBC Capital, the influential investment banking branch of Royal Bank of Canada, stated: “In our view, the most important aspect of this transaction is the ability of Uranium Energy to move its permitting process forward with fewer potential obstacles. The company expects that production can commence at Palangana in September-October 2010 – this is in line with our original estimate for Goliad.” David Talbot, the uranium analyst with respected Dundee Capital Markets, said the following: “We appreciate the declining risk, reduced Capex requirements, expanded production profile and new potential for the company…We expect UEC to continue receiving a premium valuation amongst the US ISR producers due to its proximity to production.” All of these analysts and securities firms are astute regarding the events in the uranium industry and we appreciate all of them. More reports may be in preparation. Also, Dow Jones Newswire issued a positive article yesterday about the acquisition. Stay tuned…more news to follow. 1-866-748-1030. Thank you, Uranium Energy Corp Highlights of the Company: * Poised to become one of the few, new uranium producers in the world * $23M cash on hand, funded to develop and construct flagship project * In-situ recovery, or solution mining, is very low-cost exploration and production * Fast track permitting process in Texas * Final draft permit and final draft production area authorization issued for Goliad ISR project * Technical team involved with 35 ISR projects in the US * Last major ISR project put into production (in 2005) by UEC team in Texas * ‘Security of supply’ premium with all projects in the U.S. For further information about Uranium Energy Corp (NYSE - AMEX: UEC), please click: www.uraniumenergy.com or call 1.866.748.1030 |
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| aus der Diskussion: | Uranium Energy (UEC, A0JDRR) Price Target |
| Autor (Datum des Eintrages): | bonanzarad (17.10.09 10:57:43) |
| Beitrag: | 21 von 45 (ID:38198565) |
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