I have a friend who has some UCU shares and he is frustrated with the decline particularly on a day like today. I sent him the following message, which I hope he doesn't mind me sharing, when he did not get a response from JM to his email inquiries wondering what is going on. If anyone else has any comments while we wait - bring it on - while I don't particularly care for hockey I just busy myself with some other stocks rather than getting too concerned with the UCU up/downs...anyway here is what I sent him for what it is worth:
"You know I am no expert but it is my gut feeling that the reason you have not gotten a response from Jim is he just too busy with a number of things...
1. According to my calendar on my ipad where I track such things, Jim said the 43-101 should be out between Feb. 21 and the first week of March.
2. Assuming that is correct, they may be in some kind of negotiations either with some one for off take agreements or to buy a share of the company pending the 43-101 and/or
3.They are in negotiations with the State of Alaska or the Federal Government for either an agreement to procure a substantial amount of the ore and/or to put together a processing facility on US soil (probably in Alaska). There was some evidence of the desire on the part of Alaska to do this in the last meetings that Ucore had in D.C.
4. They also may be in some kind of negotiations as to a financial arrangement to ensure a secure U.S. supply of the heavy REEs.
It has been a relatively long process to get to this stage for Ucore and I would not read too much into the share price as it tends to flatline or decline when there is a definite lull in news. Particularly when there are other things going on like the situation in Libya....I feel strongly that the US government and in particular the military realizes that they had better secure an internal source of heavy REE before the Chinese come in and buy everything and/or they cut off their supply line...in short my advice is watch a hockey game or something else, not the UCU share price or you'll drive yourself to a premature "sell" and miss the inevitable but slow reward that is coming...believe me I share your pain....I have 45,000 UCU and my daughter has another 6,000 so we are waiting for the reward too...keep warm "