Walter Energy has unsecured bonds that quoted at about 28 cents on the dollar. Since bonds are senior in the capital structure to the equity, what does this say about Walter's share price which has doubled from its low to just above $3 per share?

Most uranium stocks have rallied in the past week with a spike in the uranium spot price to $42/lb. Although the long-term contract price is yet to move, it seems inevitable that it will move, perhaps to $50/lb. in coming months.