GREY:ESOFD - Post by User
Post by
Lhotseon Apr 23, 2013 12:13am
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Post# 21289837
Buy out by a Major?
Buy out by a Major? No doubt the price of Uranium has depressed the Uranium stock sector. But if we are patient we can add to our shares of the new company over time. I do not think a buyout offer will come immediately. I believe the Majors are watching with keen interest, but the fact is they are not making much money in this [low priced uranium environment]--they are not about to pay out big for a deposit that is only just beginning to be drilled.
Don't get me wrong...this is looking to have World Class potential...I am just saying we will have to be patient for a buy out. We need to come up with more pounds in the ground. But we are certainly off to a spectacular start--a better start than was seen at Hathor's Roughrider deposit. We may be in this for another 12 to 18 months of waiting before an offer--lets drill it out and add value.
What do you think.