GREY:UEXCF - Post by User
Comment by
invest4funon Mar 09, 2021 10:37am
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Post# 32751987
RE:RE:John Quakes on Uranium
RE:RE:John Quakes on UraniumNo way did CCO care what the price was. Their cost base is $0.00. Selling at $0.28? $0.35? $0.39? to pocket $1.5million? They just announced that as a result of the Supreme Court decision regarding CRA tax dispute that they have freed up $800million!! They didn't care. As the news release states, "This transaction is not material to Cameco.", and it's immaterial to UEX as well. All U stocks have been down in this cycle. The bungling front office at CCO probably propsed to the board that they divest of UEX back the other week when we were trading at $0.39. By the time they got around to arranging the sale, it was yesterday. So no big deal.