RE:RE:Investment Dealers Freaking Out@ REPS346 - The investment dealers got what they were asking for and now they don't like it. None of the capital raises they did for uranium companies in the basin had to be withdrawn because of a lack of interest. All of the deals were either fully subscribed or over subscribed because they were selling issuance at significant discounts to NAV. The investment dealers were happy to demand their 6% commisions and cheap broker's warrants from exploration compaines that had nowhere else to go but now that FCU and PDN may consummate a deal at less than NAV, the investment dealers say the deal is too cheap.
Now the investment dealers say that things in the basin should be worth NAV because if FCU and PDN establish a market price for in-situ in the basin at a price well below NAV, then NXE and DML, and all of the African explorers are too expensive too. It means that all of the uranium explorers paper that they hold is too expensive and that's got to have them loosening their ties. They got what they have been asking for!