Post by
17Digger on Jan 30, 2024 7:35pm
If you think your shares are worth more than the this offer
If you think your Latitude shares are worth more than this ATHA offer you should be sure to Vote No
They need 2/3 Yes votes to take over Latitude at this low offer price.
Every NO vote cancels out 2 Yes Votes -- if you vote a share as NO.
LUR was evaluated at $1.35 per share - before this offer which might be worth 35 cents Canadian.
If you want to hang onto over 40 million pounds of Uranium already found in the ground and not give them away at this low price, then VOTE NO.
LUR has about 240 million shares and over 40 million pounds of uranium in the ground which equates to about 1/6 of a pound per share.
Is your 1/6 of a pound of uraium per share worth only about 35 cents when spot U is at $100 US and rising fast?
IF you vote YES then you willl get ATHA shares holding only about 28% of your present LUR uranium per share.
Do the math for 6 of your latited shares - you now have about 1 pound of U in the ground at a spot price about $100 US - or you can VOTE Yes and receive about $2.10 C. worth of ATHA shares holding about 4 ounces of that same uranium in the ground.
I am excluding the 10 Million C $ in the Latitude Treasury and the 55 million C $ in the ATHA treasury from the above calculation but you can work out their value. You are giving up your current 10 million C$ to get 28 percent of 55 Million = 15.4 million - a mere 5 million C $ difference over what you have aready.
This is my own math for my decision on Voting NO against selling my shares for about 35 cents
Show us voters your math for your decision in a reply.
Good luck to real investors.
xxx