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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Comment by loupearon Aug 20, 2020 8:34pm
200 Views
Post# 31436414

RE:The Big Question is:

RE:The Big Question is:First a disclaimer.  I have zero knowledge of the law.  I can't for the life of me understand Izatt's game. But some threads of meaning seem to me to have plausibility given present realities. First, even if Ucore prevailed in its claims for damages, it is doubtful that IBC has the wherewithall to pay even a fraction of it. You can't get blood from a turnup. Ucore knows this.  One would think that if Ucore prevailed and was able to exercise its option to take out IBC, that would be that.  But it just doesn't make sense that Izatt's goal has always been to delay, delay, delay and then capitulate.or lose the litigation with no compensation since the damages would offset any money owed them to execute the terms of the option to purchase. So what the hell is his game? ************ Let's try to imagine what Ucore and IBC bring to the negotiating table: Without a resolution, the potential of MRT cannot be realized and capitalized upon for either company.  But IBC already has an income stream based on MRT aready deployed.  Ucore covets that revenue stream.  What Ucore does have is a mine, a $149 million dollar low cost loan commitment from AIDEA to someday build out the mine, and experience in attracting capital and expanding the application and reach of MRT in Alaska and across the globe. IBC would like to have a bigger piece of the realization of MRT's potential than was contemplated when the OTP was entered into. Forget all the bad blood between the two parties. (Now is now, and business is business.) A formidable stock position in Ucore may not be enough to satisfy IBC's sense of entitlement.  They may, in addition, want a royalty from the licensing rent as MRT is contracted out to various applications. The only thing that would give power to this negotiating stance by IBC is if the possibility that the Izatt's are harboring understandings of the application of MRT and various technical knowledge that would take a long time for an acquirer to grasp, and that Ucore understands that this is so.******** I am reminded of the ending of the movie "Chicago" where the Roxie and the Zeta Jones character, who hate each other, reaalize that if they work together they would have a hell of an act. Lou








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