UEX Corp T.UEX

Bid/Ask perking up

[stockrook86]

What's everyone's take, assuming OURD stays silent, the longer they don't respond the more it looks like the deal is in UEX's favour. 

Can't stand the quick takes on Twitter, its clear to me that the ownership group of OURD made a decision to get out of uranium quick and clean to avoid continual equity injections.

On top of it, if you are on the Board or JCU/OURD, but also a VP at Mitsuibishi, Itochu, or other multi billion Japanese corp than the JCU/OURD board meetings and approving budgets is just a constant drain on their time and resources. Will the shareholders of Mitsuibishi care if they maybe leave $30 million on the table - they won't even know, their equity pickup I guarantee is immaterial and won't even be a rounding decimal on their financial statements. They going to risk lawsuits and the process dragging out to milk a few more dollars out, no chance.

Roger had to have known this was possible, maybe just not that DML would be so public about it. On Crux Roger through out trillions as something to make OURD think, $40 million - not close, that isn't even 10% of DML market cap if you assume most of DML's value is Wheeler. Honestly, the $40 million just looks like DML looked at its bank account and said this is what we have, make it non-conditional.

I'm very confident UEX will close this deal, its just a shame that the noise is now killing the SP and going to cause more dillution to raise the money - hopefully they can make it back in a couple years when they make DML pay through the nose for that last 10%.