If "McGrath knows who UEC is talking to, and the likely M&A price range....(b)ut (otherwise)...hasn't told us", then the issue is potentially more serious one.
You cannot trade market sensitive information from an insider's position without raising certain eyebrows. I, therefore, doubt that this would be the case.
In any event, wasn't the CEO questioned last Wednesday regarding potential merger speculation, etc (at least, according to Comms Day on 24/7)?
I, therefore, doubt that there is a bid out there at the moment, or if there is that it is anywhere near current market levels.
Whilst the market is, this morning, disagreeing with my views on this, it remains that: 1) the rules of continuous disclosure must continue to be practised (bid, or no bid); 2) the rules of corporate governance and accuracy in disclosure must also be practised (when was the last time that you ever heard of someone having a 4.8m equity stake, when most of the stake is made up of underwater Options / Performance Rights, for which no outlay has been made, no exercise can yet occur, and no other disclosure has been forthcoming in recent times?).
Currently, the Options /Performance Rights remain 4%, 52%, 71% and 85% underwater, according to their hurdle exercise rates?
So, what is it that the Company (or its management) knows that the market may, or may not, yet know?
