RE: RE: Big psuh at the closeNow at 29. Denison will be presenting the 40 cent offer Monday belfre the open IMO. The land i s worth much mor thatn that however. Just look at the MC based on a SP of even 40 cents. In realtlity the property might very well be worth $200 million...that would equate to SP of about $3.70 based on the current outstanding shares.
This is why the company rejected Denison's offer of 40 cents last year. The valation of the property has not decreased...if anything it has increased. Both these bids are low ball bids.
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