RE: doesn't make sense to me Tigris makes an investment in NexGen to the tune of $1.5 million or whatever. Mega Uranium "will acquire up to a 38-per-cent equity interest in NexGen", according to the latest press-release under symbol XYZ. The people behind Mega Uranium are essentially the same people behind Pinetree Capital. Pinetree Capital is a major shareholder of Tigris Uranium. 46.9% of Tigris shareholders support the transaction, according to Tigris news-release.
I would like to see a third-party independent assessment of the value for this deal. That would be the proper thing. If that would present numbers and say "this is why it's a good deal", then so be it, because at the moment there's nothing to me that justifies/supports the consolidation and values proposed. Tigris could at least have made an effort to support the case in their announcement, and I'd hope they release some clarification in regards to the numbers they've used in their calculations.