![]() ![]() UAMY is primarily a processor of the commodity, and just earns a small spread.UAMY's Financials Are Suspect: It has Never Made a Profit ![]() Multiple substitutes of this commodity also exist, which will also suppress further price increases ![]() Antimony's biggest end market is flame retardant products, and its second key end-market is lead acid batteries, which is in secular decline. There are limited organic demand drivers to push prices higher, as global consumption of this commodity is tied to GDP growth, with no known new application drivers to spur added demand.Prices have since stagnated, and continue to soften there are plenty of global exploration projects underway to increase supply Antimony prices have already adjusted higher from 2008 -2011 in the post-crash commodity cycle.A little over a year ago, UAMY was an obscure $0.50 cent stock on the bulletin board until a promotional campaign began touting it as an incredible play on antimony.UAMY is Being Promoted as a Play on a Scarce Commodity To download the complete report click here. We believe UAMY's shares are worth no more than $0.50 cents, given the speculative nature of its Mexico operations, and inability to ever generate profits. Investors are being led to believe the company sits on billions of dollars of antimony in Mexcio, yet the company has spent only a few million dollars on this asset, refuses to pay for an SEC compliant reserve report, and once wrote the asset off at $0 a few years ago (the asset was acquired from a related party). In reality, demand for antimony remains constrained, and the company has never shown any earnings leverage to rising antimony prices. United States Antimony Corp.( NYSE: UAMY) is a former penny stock on the bulletin board that is being promoted as a play on antimony, a must-own commodity that is in short supply. ![]()
0 Comments
Leave a Reply. |