GREY:SXRZF - Post by User
Comment by
PUNJABIon May 22, 2012 4:17pm
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Post# 19934887
RE: Cameco files prospectus to raise up to $1-bill
RE: Cameco files prospectus to raise up to $1-bill CCO has about $1.4 Billion in cash & short term investments. Why do they want to raise another billion dollars ? Have to check the maturity of their debt. Dept payment, cigar lake project or take over for takeover they could have issued equity.
Time frame is long 25 months. Why would they issue prospectus now. Anyway you cut dilution it at these rock bottom prices not good for the share price. However it is not clear if it would be equity, debt or a combination.
Not good good for the U sector. This prospectus will be an overhang on the stock. Would have to monitor the short position for this stock. Present short position ten million.