OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Jul 16, 2018 2:00pm
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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