Below $1.00
I've had several TSX-listed stocks at sub-dollar SP for as long as two years with no threat of being delisted. (Some I wish I'd never bought; another story) As noted by an earlier poster, and listed in the TSX listing reqs, it's not as important to the TSX as it may be to some fund managers whose mandate is to avoid companies too close to the line. This is the best argument I can imagine pro reverse split: bringing funds on board could be easier with a SP closer to $2.00
Another topic: is there an economy of scale in bidding for an asset? What I mean is, is FCU worth more per lb U3O8 if lt holds 150mmlb than if it holds 100mmlb? Just wondering if sheer size means bidders will pay more. Analogy is, suppose NXE hits more, and the whole west side becomes a stand-alone camp with its own milling, rail link etc. This is mutually beneficial, as many here have observed. So is it also true that a really big PLS deposit will, by virtue of being localized to one place, be worth more for the same reason?
Once again I want to trumpet the cause of a better rate per lb than Hathor got, because of the shallow depth and lower capex to mine PLS. Leaving out the external issues of Fukushima for Hathor, weaker sentiment for FCU, etc I can't get my feeble mind around the idea of getting less per lb than they got. Maybe I just don't know enough about HAT. Can someone explain it for me? Thanks.
Can a veteran of HAT comment on the comparative size of HAT vs PLS at this stage? Enjoy the coming week. Should be better than the last one!