Re: Rinse and Repeat

Specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia

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Re: Rinse and Repeat

in response to

Rinse and Repeat

Been There

posted on Apr 09, 2015 12:16PM

"Rinse and repeat as necessary while the longs wait to see a take over."

Been There, I am concerned that the "take over " will occur before FCU has the chance to release the next Resource Estimate....

With the SP at these lows, a suitor may see this a s a great time to make a low ball offer...

Cameco etc could make an offer today of $1. 75 and argue that is a 50% premium to shareholders...

There is a good chance that RPA could release a revised RE of 150M lbs in June and at $10/ lb in the ground that would equate to $5 per share.

At $1.75, there would likely be a counter offer of $1.90 but if accepted, they would be stealing the deposit.

In my (limited) experience, retail investors often get hosed in these circumstances....