Biding his time?Just a thought to ponder. Could Dev and the board be patiently waiting and stalling? The U market is weak and the spot price is low; supply currently outpaces demand. But we all know this, and we all know that market forces will in the mid to long term force the price of U3O8 upward
(read here).
We also know that Dev is no fool and that it is in his and our best interests to sell out at the maximum price which means timing the market.
No one in his right mind would accept the DML merger, unless you are a Dennison stakeholder. IMO, this is nothing but a red herring; a meaningful time waster to keep the shareholders and 'experts' busy until the demand and price rises to an acceptable level. Again, IMO, this is when Mr Randahwa will pull the trigger.
FWIW, I
am a shareholder since the early days
I am a NO voter.