OTCQB:UEXCF - Post by User
Comment by
daddyMac9on Aug 08, 2008 6:10pm
510 Views
Post# 15370539
RE: shareholder rights
RE: shareholder rightsHere's the excerpt from news describing it:
Approximately 111 million shares (61% of UEX's 182.1 million issued and outstanding common shares) were represented at the AGM. As proxies representing approximately 52% of these shares (including the proxy representing the approximately 40 million shares held by Cameco Corporation) were against approval of the Rights Plan, UEX withdrew this item of business from the agenda for the AGM.
End result is Cameco and probably Areva too would rather not increase the price if they take a run at the rest of UEX, which I consider fairly likely within the medium term.
I bought more today....its only slightly more expensive than when I first bought in 2005 - BEFORE they hit Shea...