UEX Corp UEXCF

Response to Alibongo888 Twitter Feed. I could

[mangoe]

From Destinator investorshub.advfn.com 

Response to Alibongo888 Twitter Feed. I could not agree more with your suggestion. 

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I can't see the article other than the fact that it is about Australia's Cobalt Ambitions. For some reason Cobalt 27 is more excited about Australia than it is about CoEX. Why would that be? Here is something for investors to think about. 


- CoEX is one Company in Canada. 

- It is 100% owned by UEX and consists of a property called West Bear. 

- Only investors who own UEX shares at the time of a spinout will get FREE CoEX shares. 

- The nickel content of West Bear is likely high enough to pay for the mining of the high grade Cobalt that is in the process of being identified. That means that the Cobalt in the ground is going to be FREE just like the shares that ONLY UEX shareholders are going to get. 

URA (a horrible performing investment) announces for a second time in less than a year that it will be unloading UEX shares from its holdings. This type of action likely influences short sellers to start driving the share price down. Because of the foolish investment nature of the URA ETF whereby their actions are not only predictable but drawn out for the world to see, further drives the price of UEX down. 

The first URA rebalancing reulted in the sale of over 30,000,000 shares. 
The second, and thank goodness the LAST REBALANCING that impacts UEX will result in the sale of only just over 3,600,000 shares - since reduced to 2,400,00 million shares in just two weeks. Such announcements feed very well into those who hold short positions not to mention those with cash to buy UEX (pre-spinout) at bargain basement prices. Remember, UEX shareholder are all going to get FREE CoEX shares which are expected to produce ETHICAL COBALT for FREE. (The nickel aspect paying for the Cobalt is based on my back of the napkin calculations but all you have to do is take the nickel resourse and multiply it by the price of nickel. Then compare it to the start up costs of an open pit mine. At the rate of nickel that they are finding $100,000,000 of nickel should not be a stretch. CoEX is already 1/10 of the way there.) 

The question for investors to ask is this? What will be the reason for Short Sellers to maintain their positions once this LAST URA rebalancing is completed especially with the pretty good prospects of a CoEX spinout likely to happen once the winter West Bear drilling program is completed and assayed. 

I think it is safe to say that Global X has no interest in keeping UEX shares. If the current rate of sale is indicative the sale should be over within 4 weeks. They want them off their books because they prefer to invest in Barrick Gold for some reason. As investors continue selling URA and as URA continues to get bad press, URA needs to rid itself of those shares (as opposed to others that they are mandated by the Solactive Index to keep. 

Now let us look to potential COBALT BUYERS. If you were a COBALT BUYER like FORD or BMW or APPLE, would you want to buy from a Middle Man who needs a price mark up and sources Cobalt from multiple mining jurisdictions such as Cobalt 27 has to do, or would you want to buy directly from a supplier where your ETHICAL SOURCE is IRON CLAD? 

I believe that it just does not get any better than CoEX which is 100% owned by UEX and is located in Canada with West Bear being amenable to Lower Cost OPEN PIT MINING. The question is which BUYER is going to be most interested in using COBALT from an IRON CLAD ETHICAL SOURCE? Will it be Apple? Ford? BMW? or some other yet unknown company that really puts a value on the Ethical aspect and keeping shipping costs down. I think the runners are tying their shoe laces right now and they are likely getting ready for a race. 

That is my $0.155 cents worth. Do your own DD folks. This is risky business. Lots of drill results still pending.