Strange that many saw little down side risk at +$1 a year ago, but at 14c many now see the risk as too high........may be it is, I really don't know.
At 14c we are trading very close to cash backing, so I believe the down side is limited and by buying now you really are buying a free 'option' on a deal being done in the next month or two.
What is the chance of Discovery shareholders making a t/o bid at say 25c. Just idol speculation on my part, but I am sure most of them have much more information about the current situation than you and I (as they are involved in negotiating the deals).
If the renegotiated Discovery deal has them ‘repaying’ say $5M, then may be they would prefer 100% of the upside for $15 to $20M....just a thought.
The current turbulence in the world economic markets will probably work to our advantage in upcoming negotiations with CZ and Ukraine. It’s almost now or never.
URA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
