Uranium Energy +15.5%, rebounding from negative blog post

|About: Uranium Energy Corp (UEC)|By:, SA News Editor

Uranium Energy (UEC +15.5%) shares recoup most of their 16%-plus loss suffered yesterday when Seeking Alpha blogger Itinerant posted an article predicting "significant shareholder dilution ahead."

Key points in the article: UEC has accepted a hefty price tag for extending an existing debt arrangement, it has filed documents that will allow for significant shareholder dilution, and uranium production has been scaled back to the point that cash flow from operations will prove insufficient to sustain the company.