Ursa Major Minerals Incorporated T.UMJ

UMJ takeover

[mulberry57]

Okay with this buyout coming up and a known take out price of .15, why are UMJ shares still trading at .11 ?

[green24]

It isn't a 'known take out price of .15'.  The takeover deal is a 25 to 1 conversion on closing in mid June.  If NKL is $5 at that time, the conversion rate would effectively make your UMJ shares worth 20 cents each.  If NKL is still $2..87 at that time, your UMJ shares will only be worth 11.5 cents.  Still a full cent more than the current .105 bid. So if you think

[green24]

I should add, if NKL ONLY gets back to the $4.25 it was trading at in February, when people were expecting the PEA to be released, UMJ shares would be worth 17 cents with the 25:1 conversion ratio. After the last two analysts came out with targets well north of twice what NKL is trading for today, and NPV estimates over a billion dollars, I'd personally consider it laughable if NKL didn't

[mulberry57]

Okay got it   Thanks

[Joseph_K]

Get them cheap while you can.  NKL and UMJ should be trading in sync with each other, yet here we are with UMJ down 12% and NKL only down 4% today.  Loving it! :)

[SUCYN]

Wrong, NKL is down 18% from March 2nd.. SUCYN

[prested]

With the Indonesian export ban on nickel, NKL should expect to see their SP move up sharply in the coming months IMHO. This bodes well for UMJ as a result. GLTA