First Tidal Acquisition Corp T.AAA

RE:RE:RE:RE:RE:RE:RE:If ICL bought 14% of Allana

[Jeremy2014]

Finnmccool, I owned UUU at the time of the buyout and I can tell you, there was not a poster who was happy about the deal. Everybody knew that UUU could have been worth about $12-15 in 3 or 4 years when the uranium price would have recovered (UUU is one of the lowest producer in the world and a cash machine). Instead we received a low-ball offer with no say because ARMZ controlled 51% of the company (check the green section below). Anyway, I''m done on this subject.



Mr. Sattler acknowledged that he is selling the company at what could be the bottom of the market. To make sure he got a fair price, his financial advisors assumed a long-term price of US$66 when they analyzed the takeover bid.
“The fact that [the offer] was based on a much higher uranium price than where we are today was a driving force in recommending it for shareholders,” Mr. Sattler said.
He now has the job of selling it to shareholders, which could be difficult. While the offer of $2.86 a share is well above Toronto-based Uranium One’s recent trading range, the stock was worth more than $6 before Fukushima.
“We think many shareholders will contemplate asking for a higher price from ARMZ,” RBC Capital Markets analyst Adam Schatzker wrote in a note. However, he thinks a rival bid for a minority block of shares is “highly unlikely.”