OTCQB:UEXCF - Post by User
Comment by
invest4funon May 04, 2021 10:30am
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Post# 33122931
RE:RE:John Quakes on Uranium
RE:RE:John Quakes on Uraniumthe tsreet down't like the offer... DML is down this morning.
Being a DML sharholder I do not like the deal too. What does it do for DML??? Nothing!
They now get to crow that they hold 100% of Wheeler... I doubt that the current 10% JCU ownership is that problematic for them at those JV meetings???!?!?
They now get to sit at the table with CCO to argue about how little to spend at Millenium??!?
Ditto for Kiggavik?!??!
No value whatsoever for DML. All they do is send $40 million over to Japan and drain their treasury. Money that could be better spent on real value... like advancing Wheeler to production.
If Roger DOES have a backstop to the deal (as he claimed UEX does when I pressed him at the Red Cloud webcast last week) I guess we will find out. I don't think he or the board of UEX are fools. They would not have announced a deal if there was any way they could lose without walking away with some bennefit. Maybe free cash in the treasury?!??!