OTCQB:UEXCF - Post by User
Post by
mangoeon Aug 15, 2022 12:19pm
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Post# 34896741
Do you think Denison was really serious? Please!👀
Do you think Denison was really serious? Please!👀They would have clean up their balance sheet long time ago, if they were really serious about acquiring UEX, the Rabbit, UEX CEO is aware of that.
But in reality in a merger deal Denison stock price was not reflecting that 51 cent in that news release , so it is easy for UEC to bid according to the current stock price of UEX & have UEC stock price represent that over the last few days.
UEC stock is not inflated, yes if they had over 800 million shares & trading at current price level. ( UEC have 280 million shares & approx $180 million in usd & 150 million lbs of uranium)
UEX went to $9+ a share a few years ago in the last uranium bull run, not because they had over 800 million shares but under 200 million shares under 100 million lbs of uranium & uranium spot hit $135+ per lb.
If Denison had 280 million shares like UEC, there stock price would be almost 4x the current stock price, that would put them in a perfect position to take over UEX, I don't think they were serious to begin with.( they would have completed a 4 for 1 rollback & have the stock price go up by the same ratio 4 times, maybe they will do it when the uranium spot price is much higher)
This was a done deal between UEX, UEC, & DML, Denson only entertain this merger fake bid, to please hostile Canadian shareholders, not to drive up the merging #'s for UEC, the side deal for DML is the 5% Wheeler property, UEC will give it to Denison on the cheap, we will see in the days & weeks & months ahead.