UEX Corp T.UEX

RE:RE:RE:Cobalt Based Products UP 30 % Since July 2019

[norontrules1234]

Agree with you about cobalt and uranium, no doubt. But that's not really my point. The point is that Roger used the 'cobalt is out of favor' excuse to postpone adding shareholder value by splitting coex, but then miraculously forgot and contradicted that excuse and pumped $5 million into it.

He continues to posture that it's not the right time. Well when exactly is the right time? UEX knew about the cobalt at West Bear for over a decade!

In that time Cobalt has went through an entire price cycle! So the bottom, middle, and top wasn't good timing? Then we 'fell off a cliff' and it wasn't the right time, now we've rebounded and it isn't the right time? It seems Roger wants to do everything but add shareholder value. 

Here are a few simple questions for all UEX shareholders:

1. Would you prefer to receive your COEX shares at the bottom or the top of the cycle?
2. What would you do if you received COEX shares when cobalt prices were historically low?
3. What would you do if you received COEX shares when cobalt prices were historically high?

If Roger wants a solid strong base for COEX shares he is far better off splitting when there is upside potential. If we're all being honest, if he waits (again again again) until cobalt prices hit peak prices, shareholders would rightfully sell immediately knowing upside is minimal vs downside risk.

So ask yourself if you trust a man who says he's going to add shareholder value by splitting a company. He then follows through (or so it seemed) on all accounts, website formed, coex company created, pours money into the resource, but fails to follow through on the SINGLE thing that would actually create value.......splitting COEX.