Think a Chinese deal already made.This is my prediction.
-In approx a month the Chiinese Uranium Investment corp will make an offer for Denison Energy Corp $3.00 per share cash. Cash will be split as per the current merger and will cover all assets of both companies except FCU retains the rights to all U308 found over and above the current 43-101 numbers.
- A side deal will be made with FCU to finish the summer drilling program and recieve an additional payment when completed in an agreed amount per pound for additional U308 confirmed by the PEA.
- Deal will close on or about October 31, 2015 subject to getting all approvals from regulators.
- Payments to be made to shareholders of record on the closing date.
- In the event that regulators will not approve the sale of 100% the numbers will be incorporated into Denison Energy corp for the sale up to the percentage approved.