Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

UEX Corp T.UEX


Primary Symbol: UEXCF

UEX Corp is an exploration and development company. It is engaged in the exploration and evaluation of its mineral properties located in the province of Saskatchewan. The company's projects include the Hidden Bay Project, Horseshoe-Raven Project, West Bear Project and others.


OTCQB:UEXCF - Post by User

Bullboard Posts
Comment by MegaMAxTZon Jul 16, 2018 2:00pm
127 Views
Post# 28322265

RE:we may hear

RE:we may hearYes we shoud hear before the third week in August. So what are the options since the 2002 UEX spin out is before my time but I do know what happened.

Option 1:     

1 share of CoEX for each share of  UEX - but at what value ? 43-101 and over 3 Million LBS of Cobalt and counting. $ 33/LB of Cobalt makes about an even $ 100,000,000. With 389,225,372 shares that is $ 0.26 per share. I admit new to this so maybe this is an incorrect assumption. 
And what if another 3 - 5 Million LBS of Cobalt or more are discovered at West Bear as I believe many more LBS are on the property. 

Option 2 :

1 share of CoEX for each 5 or 10 shares of UEX ? Take the share price above $ 1.00 to move up and away from penny status.

Option 3 :

Sell CoEX or partner and disburse most of the funds to existing shareholders and hold back enough $$ to top off the UEX coffers so much more drilling can get going on Christie/Shea and the others until the Uranium pricing is back on track at $ 50 + per LB. Targeting enough working  capitol to take UEX out to 2021 without ANY further dilution. By then Uranium will be going nuts and rising.

Option 4 :  Any other options missing ????


MM
Bullboard Posts