Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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Message: Re: Roughrider Spin-Out ? Altitude
1
May 09, 2009 03:54PM

Altitude,

I´m not so sure about the minimum 30% take-over premium and I wouldn´t like that sort of "premium" anyway (I´m looking more at a range of 300% plus, minimum). But you could be right with the current share price "suppression" !

Regarding take-over candidates, as per earlier discussion on this forum, I wouldn´t be surprised, looking at Denison´s recent development (and becoming our JV partner as well) that they might step-up to the plate and put in an (unfriendly) offer.

FANTOMAS




May 10, 2009 05:06AM
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