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UEX Corp T.UEX


Primary Symbol: UEXCF

UEX Corp is an exploration and development company. It is engaged in the exploration and evaluation of its mineral properties located in the province of Saskatchewan. The company's projects include the Hidden Bay Project, Horseshoe-Raven Project, West Bear Project and others.


OTCQB:UEXCF - Post by User

Bullboard Posts
Post by KansasCrudeon Apr 23, 2009 10:08am
575 Views
Post# 15938792

10 for 1 to cheap, 5 for 1 more like it

10 for 1 to cheap, 5 for 1 more like it

A Cameco run on UEX at this time makes perfect sense to me.  Due to their ownership position ( I think but don't know)  they don't have to file any paperwork on acquiring more shares that any other company would do at around 7%.  They have a war chest and stock prices are a pittance of what they were a year ago.  Including Cameco, the upside of Cameco trading their shares for UEX is that they are  approx 66% off their highs.  The U market has probably bottomed and they need production to keep their customers happy.  So if you believe the U story then you could hold your shares in one of the industry leaders and continue to play.
Even with the Cameco sell off 10 for 1 is way to cheap.  At 5 to 1 or better with the Cameco price also discounted  I might get interested in parting with my +200,000 shares.    Assuming UEX and Cameco move in tandem then if Cameco or UEX gets back up to their old highs then a 5 for 1 deal would value UEX at around $12 a share.  Thats above the old UEX high and I could live with that especially if I am holding some Cameco for the long term.  Longer term the value of Cameco with UEX would be worth a lot more than todays Cameco.  The market would probably assign more value to Cameco do to its size and visiblity.  Just my  2 cents worth.
Bullboard Posts