GREY:JNRRF - Post by User
Comment by
megphion Sep 02, 2003 1:01pm
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Post# 6373023
RE: Dundee buying again
RE: Dundee buying againThat has also crossed my mind. According to UEX's latest news releases, the have $1,100,000 available for drilling and $500,000 for corporate purposes. At JNR's current share price, they would only need to raise another $1,000,000. UEX may have let Dundee know of its intentions and are talking to them to raise the money, or they might be talking with Cameco to see if they can provide the necessary funds to buy JNR out as a whole. Just speculation, but very plausible since Dundee has bought up lots of the shares recently and JNR's current market cap is below $3 million.