Laramide Resources: Buying for free

A longtime reader mentioned that Laramide is still expensive. But how?

It has about 60 million pounds of uranium and 67.5 million shares outstanding. Currently, Laramide trades at about 0.82 Canadian Dollars.

Uranium prices are at $41.00 per pound, so the corporation is bid at 2% of the price of uranium. Shouldn't management have value? Shouldn't the money placed hold value? What about Laramide's speculative gambles worldwide?

Keep this in mind when they dilute shares for more financing, at least you'll be a shareholder still.

Australia can tax all they want as well. It doesn't matter at these prices.

Not good news from Uganda, but

A sad unfortunate attack occurred in the capital of Uganda.

http://www.bloomberg.com/news/2010-07-12/at-least-64-killed-as-bomb-blasts-strike-world-cup-soccer-fans-in-uganda.html

We'll have to follow the progress of this situation from government handling of the matter to the population's response.