Blogs » KennethSchustereit The Old Bolillo! » Uranium mining! And Victoria shines it's worst light! Ignorance!

Subscribe


By this time I can only be amused at the willfull ignorance of those answering the Advocate poll in favor of uranium mining in Goliad!

What these silly people don't know is that people in Victoria County have already been approached about leasing to UEC and that a good portion of that 5.2 million pounds of uranium is under Victoria County.

Let's see! 5.2 million pounds multiplied by $70 comes to just over...yup...$350 million dollars! I can see those greedy green demons slithering around salivating at the thought of that much money!

Mmmm! Economic development! Mmmm! Taxes on that much money filling local coffers! Mmmm!

And when the uranium is gone and the aquifer is destroyed? The groundwater undrinkable? Coleto Creek polluted? Coleto reservoir un-swimmable? The Coleto watershed contaminated? Springs feeding the creek polluted?

Those of you who feel the need for greed, what then? Will UEC really clean up their mess or will they even have the money for that? Let's see now, let's look at some public information here:

Do you know any of this info on Uranium Mining Corp?
 
  1.  Uranium Energy Corp. was incorporated under the laws of the State of Nevada
on May 16, 2003 under the name "Carlin  Gold Inc."  During 2004,  we changed our
business  operations and focus from precious metals  exploration in the State of
Nevada to the exploration for economic reserves of uranium throughout the United
States. Therefore, on January 24, 2005, we filed an amendment to our articles of
incorporation changing our name to "Uranium Energy Corp."
 
From Annual Report URANIUM ENERGY CORP -  For the fiscal year ended December 31, 2005

2.  The  Company  commenced  operations  on May 16,  2003 and has not  realized  any
significant  revenues since inception.  As at March 31, 2007, the Company has an
accumulated  deficit of $21,740,939.  The Company is in the exploration stage of
its mineral property  development and to date has not yet established any proven
mineral  reserves on its existing  properties.  The continued  operations of the
Company and the recoverability of the carrying value of its assets is ultimately
dependent upon the ability of the Company to achieve profitable operations.  The
Company intends to continue to fund its operations by way of private  placements
of equity  as may be  required.  To date,  the  Company  has  completed  private
placements and received  funding through the exercise of stock options and share
purchase  warrants for total proceeds of $23,473,487 from the issuance of shares
of the Company's common stock.
 
From 1st Quarter Report URANIUM ENERGY CORP -  Period Ending 31 March 2007.
 
3. They claim to be a US owned company but most of their company officers have been educated
in Canada and their President/CEO  Admir Adnani is located in their "Administrative Office"  in
Vancouver, BC Canada.  Don't most CEO's belong in the Corporate Office which is shown to be in
Austin??
 
Source Uranium Energy Corp Website http://www.uraniumenergy.com/
 
 
This WEB site pretty much says it all (notice that Corporate Office is shown to be in Vancouver, BC not
Austin, TX like Uranium Energy Corp Website shows?) Note the largest shareholders are not from the US. 
 
Bottom line is that the Company that wants to do uranium mining in Goliad County is a Canadian Company
Incorporated in Nevada.  They have no track record of success in accomplishing anything but loosing money
(I'm sure not the board member or CEO's).  They don't have any assets.   They also don't  appear to have ANY
real experience in mining uranium.  

Are these the people over 300 people in Victoria have placed their trust in?

Will Harry Anthony stay around and supervise the clean-up that'll last for years or will he be down the road to make another mess like last time?


Comments