GREY:BHNGF - Post by User
Comment by
deninsaskon Oct 04, 2007 3:22pm
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Post# 13523513
RE: uranium spin off.............millionaireman
RE: uranium spin off.............millionaireman
millionaireman...."not really sure who started this rumor but Pele has no plans to split up the company....good luck to all those who stuck around through the hard times.......anything over 30 M pounds u308 and this baby could fly..."
Milman.......The rumour can be attributed to an article written and published at Minesite......Minesite.com.
In it the reporter stated "In a firm commitment to the Elliot Lake project, Pele Mountain is looking to add shareholder value by spinning off its non-uranium assets and the first step is to transfer its other diversified mineral interests into a wholly-owned subsidiary."
Meg55 posted the article a while ago.... https://www.stockhouse.ca/bullboards/viewmessage.asp?no=15682853&t=0&all=0&StartDir=O&StartID=15699773&StartDateTime=2007-09-27
The only evidence to support the reporters statement is the fact that Pele has moved All Elliot Lake Uranium Assets into a Company called "First Canadian Uranium Inc." a wholly owned Subsidiary. I don't think Al Shefsky is on the record stating a Spin-off. But I wouldn't put it past him to announce something like that in the next couple weeks or more.
....43-101 coming folks. Read it!!