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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Comment by jrhjr1127on Sep 03, 2024 9:41pm
75 Views
Post# 36207307

RE:RE:RE:Timing of Options not options, Ucore and need to know

RE:RE:RE:Timing of Options not options, Ucore and need to knowThe restricted share units may not be worth much, but they are not worthless unless the share price goes to zero before a year is up. The options, on the other hand, would be worthless unless the stock price goes up. Of course, as they've just done with the convertible debentures, they could extend the expiration date and decrease the exercise price of the options.

I interpret this action two ways: first, they can't give raises because they don't have the money (*), so this may serve to retain employees and consultants; and second, the dilutive effect is de minimus at a little over 3% when all the restricted shares vest and if all of the options were to be exercised.

(*) remember that they are extending the debentures because they didn't have the money to pay them off ($1,145,000) at the previous maturity date of May 31, 2024
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