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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (42406)	4/25/2011 9:31:29 PM
From: E_K_S	Respond to of 78622

Hi Paul - U.S. Energy Corp.(NasdaqCM: USEG ) is one on his list. I almost upped my shares today based on this news. US Energy: Thompson Creek terminates Colo. deal US Energy says Thompson Creek terminates option to help develop Colo. molybdenum deposit finance.yahoo.com I thought the stock might sell off more but it could also be seen as a slight positive since a new partner (and more option money) may be around the corner for the Molybdenum mine development. I believe they get to keep the original $500,000 in option money that Thompson Creek paid them in 2008. I am not sure if TC paid the $1M (non refundable) option fee each year from 2009 through 2011. I know USEG was in the process of getting the environmental permits and were more than 50% complete in the final permit process. I wonder if something came up that made TC want to exit the deal. Not too sure what the value is w/o the mine. USEG does not have the capital to develop it on their own. EKS