Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

UEX Corp UEXCF



GREY:UEXCF - Post by User

Bullboard Posts
Post by KansasCrudeon Apr 23, 2009 10:08am
576 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