RE:A DONE DEAL NOW, .45 SHARES OF GXP FOR 1 SHARE ALX, CONFIRME
CAVAET - EXCLUSIVE AGREEMENT TERM ENDED AND NOW OPEN FOR 3RD PARTIES TO MAKE AN OFFER, AND PAY THE BREAKUP FEE?? STILL HOPING FOR AN ALL SHARE TRANSACTION WITH DENISION, WHICH MAKES SENSE ... COSTS LESS THAN THE REQUIRED AMOUNTS ON THE EXISTING AGREEMENT WITH ALX???
I will probably vote in favour, however, I just want to know the options. So very sad ... DENISON WHERE ARE YOU?
I will post this on the Denison board IMMEDIATELY ...
The above is my post on the AL board, Denison issued 10% of their total issued shareholdings to a small Vancouver junior for one uranium project and it was listed on their website as one of their major projects, but no longer ... see an earlier post here, some time ago about project history. Denison shares have increased in value significantly since back in the day, and Denison has a requirement to pay additional exploration funds (OR MAYBE, I AM INCORRECT, HAVING A BAD HAIR DAY, HOWEVER IF DENISON PAYS A SMALL AMOUNT FOR EXPLORATION, THEN THEY OBTAIN A MAJOR INTEREST IN THIS PROPERTY). It simply makes sense that Denison makes an all share offer for AL and turns exploration money into an 80% ownership in the property that was once considered FANTASTIC!!, and Denison shares have increased in value so the takeover cost is less significant. Hard not to justify, IMHO. ok, I am a shareholder in ALX, symbol AL, simply dont understand why they dropped the X which was the former listing symbol...