OTCQB:UEXCF - Post by User
Comment by
Proximity1on Aug 15, 2022 10:47am
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Post# 34896437
RE:RE:RE:RE:RE:How is UEC offer a match of densions offer???
RE:RE:RE:RE:RE:How is UEC offer a match of densions offer???Friday pricing.
UEC 4.33 x .09 x 1.278 (conversion they used) = $.497
DML 1.54 x .32 = $0.493
This is also not including the 9mill cancelation fee. To me Denison would have to offer $.016 more per share than UEC just to counter that. That would make the $.05 lost on the dollar conversion a wash (i'm assuming the 9mill is CAD).
That is how I would figure it out. Am i doing something wrong? I'd like to know. How is Denison's superior? I think as the original contract stated all UEC has to do is match any other offer. Don't get me wrong i would rather end up with Denison shares in the end as i feel they are more undervalued, but it is going to be tough for them to come out on top, especially with the dilution involved.