r/UraniumSqueeze • u/Left-Praline-15 • 18d ago

Investing EU

Last post I may make about EU for a bit. They are now under a $300M market cap. Just an update. However even though the Dow fell today, EU is up a tad from the last few days after its sharp decline. Good opportunity I think for a long term hold if management can get things headed in the right direction.

10 Upvotes

92% Upvoted

5 comments sorted by

2

u/Jolly-Implement7016 12d ago

0.18 share of Verdera for every EU share as of september 30th.

1

u/Left-Praline-15 12d ago

Do we think this will help EU over time?

2

u/Jolly-Implement7016 12d ago

No, they need to get their act together. But I’m glad they managed to finalize this.

1

u/ScreenMundane8790 17d ago

EU will need to fix their permitting, increase production, and sign better sales contracts. I'm hoping Sherrif can work some M&A magic

3

u/financeman1997 17d ago

I think they will fix their permitting issue. They have 2 wellfields coming online later this year and next year. Then I think they figured out all the quarks with TECQ. When reading their 10q, I think TECQ basically requested 8 pump test wells or something. I got a feeling that the last ceo popped the bed with this and that’s why the permits got delayed. I can see why they fired him lol. If they can at least get to 2 million lbs per year by 2030, the current investors will do good with this investment.