Uranium One Inc SXRZF

145.3 Million volume yesterday

[PUNJABI]

For the last 25 trading days UUU has gone into extremely bizarre mode. Yesterday it had a mind boggling 145.3 million shares traded in a single day when the available float is 469 million shares ( Total shares 957m - ARMZ 51%488 =469 m )

There was HFT trading some institutions coming in for the spread between trading price & offer. Some investors selling & taking their money somewhere else. Still 145.3m is record for this stock & I did not expect this volume. I do not have data from exchanges to look at the breakup of the trades. I hope IIROC is looking at the trades to ensure there is no hanky panky going on. ARMZ should not be buying plus their shares do not count for the vote anyway.

Now that we have established the float of 469 million shares that can vote. It is bizarre that 549m shares have traded in last 25 days & 403m shares in last 24 days. All this volume is not normal for the stock. Have no clue what is happening behind the scene. Have no proof but this volume of 403m in 24 days before the offer suggest some investors may have known about this.

Now you need just above 66 % for the deal to go through. So far beside the brokers with vested interest & being paid to make paid opinion all other institutions have suggested that this is a low ball offer. I do not know what  has happened in the volume of 549m in 25 days I would have been very sure that ARMZ would not have obtained 66 % approval for the deal.

If there has been no positioning normal investor know that we are in the down cycle of U sector which some hope of recovery soon & that basing the offer on last 20 average totally wrong & unfair. If this process is fair then ARMZ will be forced to pay more than $2.86.

Investors in U sector has another dilemma. There were only two investable companies in U sector. CCO & UUU & we will lose one. UUU was one of the best trading stocks. I think PDN,DML, EFR & UEX etc are all bleeding money need constant injection of money & if the U308 prices do not recover soon some of them many survive. At these U308 prices these company are not investable beacsue of poor balance sheets. They do not pass my fundmental test. Anyone of these companies can go bankrupt.

I hope that UUU does not get pravitsed & shareholders reject this low ball off. I do not think other buyers may come out. The only hope is not to vote yes. I think that $45m  in the offer will be paid if there is another better deal which shareholders accept. Not if we reject the deal.

I cannot see how shareholders will let ARMZ steal this company.

 

	Date	Sym	Open	High	Low	Close	Chg	Total Vol
1	14/01/2013	UUU	2.7	2.85	2.7	2.77	0.35	145,328,625
2	11/01/2013	UUU	2.45	2.46	2.4	2.41	-0.02	3,179,207
3	10/01/2013	UUU	2.41	2.46	2.4	2.42	0.04	6,171,468
4	09/01/2013	UUU	2.47	2.48	2.38	2.39	-0.04	13,575,346
5	08/01/2013	UUU	2.26	2.47	2.26	2.43	0.18	32,123,296
6	07/01/2013	UUU	2.31	2.31	2.23	2.23	-0.05	8,551,788
7	04/01/2013	UUU	2.33	2.33	2.29	2.3	-0.03	5,698,520
8	03/01/2013	UUU	2.35	2.36	2.32	2.33	-0.03	9,505,968
9	02/01/2013	UUU	2.4	2.43	2.31	2.36	0.01	15,116,754
10	31/12/2012	UUU	2.37	2.38	2.29	2.34	0.01	4,694,932
11	28/12/2012	UUU	2.34	2.37	2.28	2.34	0.04	5,076,854
12	27/12/2012	UUU	2.34	2.47	2.28	2.3	-0.04	13,253,488
13	24/12/2012	UUU	2.23	2.35	2.225	2.34	0.09	7,563,322
14	21/12/2012	UUU	2.25	2.35	2.21	2.25	-0.05	18,387,867
15	20/12/2012	UUU	2.27	2.37	2.26	2.3	0.04	20,301,784
16	19/12/2012	UUU	2.14	2.28	2.13	2.26	0.15	29,700,367
17	18/12/2012	UUU	2.11	2.17	2.11	2.11	0.01	10,502,932
18	17/12/2012	UUU	2.14	2.15	2.06	2.1	0.09	27,471,971
19	14/12/2012	UUU	1.84	2.04	1.81	2.01	0.18	31,860,970
20	13/12/2012	UUU	1.84	1.85	1.81	1.83	-0.01	38,826,292
21	12/12/2012	UUU	1.84	1.84	1.81	1.84	0.01	14,281,835
22	11/12/2012	UUU	1.84	1.86	1.81	1.83		17,597,935
23	10/12/2012	UUU	1.82	1.85	1.79	1.83	0.03	10,139,630
24	07/12/2012	UUU	1.89	1.9	1.78	1.78	-0.09	21,535,089
25	06/12/2012	UUU	1.9	1.91	1.85	1.89		38,642,410
		Total Volume for 25 day						549,088,650
		Yesterday Volume						-145,328,625
		Total Volume for 24 days						403,760,025