Epstein-Research Blog | Uranium Resources Inc., Company Story A Lot Stronger, Yet Valuation 60% Lower? | Talkmarkets
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In 2011 Peter Epstein, CFA, left a $3 billion hedge fund where he was a senior natural resources analyst to help increase awareness of a number of natural resource companies in which he's invested in. 


Uranium Resources Inc., Company Story A Lot Stronger, Yet Valuation 60% Lower?

Date: Thursday, January 7, 2016 3:51 PM EDT

Uranium Resources Inc., Company Story a lot Stronger, Yet Valuation 60% Lower? 

Peter Epstein, CFA, MBA   http://EpsteinResearch.com   @peterepstein2   epstein.peter4@gmail.com

Uranium Resources Inc. “URI” (Nasdaq:URRE) (URI:ASX) has delivered a string of good news, but the Company’s stock is down nearly 60% since the June 2015 announcement of its acquisition of Anatolia Energy. Since Chris M. Jones took the helm as CEO in March 2013, URI has proactively executed a number of key initiatives, 14 in fact. Nothing short of transformational changes have been made over the past 32 months. These successes demonstrate ongoing efforts to bolster liquidity, reduce risk, diversify assets and pull forward cash flow. Achievements include; cost cutting & cost containment, new hires, positive project & resource updates, asset sales / acquisitions and importantly, the renegotiation of a key sales contract. Mr. Jones’ abbreviated bio is as follows:

Christopher M. Jones, President, CEO & Director: Joined in March 2013. More than 30 years experience in positions of increasing responsibility in the Mining & Energy industries. Mr. Jones was most recently President & CEO of Wildcat Silver Corporation, where his team quadrupled the size of the resource. He’s a licensed Professional Engineer in the US & Canada, has a B.S. in Mining Engineering from South Dakota School of Mines and an MBA from Colorado State University. Mr. Jones is a member of the American Institute of Mining, Metallurgical & Petroleum Engineers.

Clearly, the Company is run by a highly skilled, experienced and committed team, including 4 in new roles subsequent to CEO Jones’ arrival. 

Select Management & Board members [Corporate Presentation]

Terence J. Cryan, Chairman of the Board: Director since October 2006, Chairman since June 2014. Mr. Cryan has over twenty years of international experience as an investment banker in the US & Europe. He served as Director of a number of international companies and is a frequent lecturer at Finance & Energy industry gatherings. He holds a Master of Science degree in Economics from the London School of Economics and a BA from Tufts University.

Tracy A. Stevenson, Director: Has served as Director since December 2013. Mr. Stevenson, CPA, is a Founding member of Bedrock Resources, a financial advisory firm focused on natural resources. He was Global Head of Business Process Improvement at Rio Tinto, and Executive VP, CFO & Director of Comalco Ltd. Prior, Mr. Stevenson served as CFO / Director of Kennecott Corp. and as Director of Ivanhoe Mines

Mark K. Wheatley, Director: Has served as Director of Uranium Resources Inc. since 1q 2013 Mr. Wheatley’s independent, non-executive Board roles have included Chair of Gold One International, Norton Goldfields & Goliath Gold Mining, as well as directorships at St. Barbara Mines & Uranium One Inc. Mr. Wheatley was Chairman & CEO of Southern Cross Resources when it merged to create Uranium One in 2005. 

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