piracy or heroism repost

"Effectively doing a placement at 100% premium to the sp" hey ? U forgot to add ......... "but at a 50% discount to the book value" (depreciated plant less than one year old ... is that all there is ?)

I hate being offered a deal I cant refuse and in the back of my mind keep questioning whether there is another alternative deal available so that I can refuse this one !

Wonder what would happen if shareholders ganged up on GT / HNC and gave them a "nay" instead ... on basis that the offer is TOO CHEAP !!!

Would CMR be allowed to dissolve?

If it was, GT would lose his cash up front as would HNC and Cornell along with us .... HNC would actually risk losing about 100 mill if u think about it.

And how messy would it get if CMR went into administration ... doubt GT / HNC would appreciate it any more than us ... or Cornell for that matter ....

Risky business sure ...BUT .... starting to think it is in NO ONE'S BEST INTERESTS to NOT have the C-notes equitised, BUTTTT is it in shareholder's best interests (except GT / HNC) to have the debt equitised at half book value with NIL VALUE assigned our exceptionally large IG assets !!! GT/HNC/Cornell are at same risk as us right now u would think ?

Example where's the valuation on the Rum Jungle Uranium Field for Zeus's sakes ??? Or the zillions of tonnes of paydirt worth plenty even at spot levels. Oh sure still doing pre-feasibility study yeah. Yet everyone associated with the PFS is now interested in paying up for a larger share before the PFS results on a pure punt ?

And pray tell HOW was the Mt Fich Uranium resource suddenly reduced from 14 mill JORC lbs to 2 mill JORC lbs without any detailed explanation ??? I thought smoke and mirrors was the yanks' exclusive MO.

How can we vote in an educated manner without full disclosure to the events leading up to our current misfortune ??? We STILL DONT KNOW WHAT HAPPENED to delay by 2 years and increase cap costs by 200% .... its all been swept under the carpet of "metals market pullback" ( Phew) !!!

Keep scratching my head and wondering why another Pirate King doesnt come in now and bid HIGHER for CMR in total and more in line with "book value" PLUS ! More like the ORM megapivotal 110 if the valuers really want to consider HISTORIC market values.

Wonder what our other major shareholders think about this bid. I hate sending in a vote without a full understanding of the situation !

And love to know how competent and independent these independent valuers really are ..... and how they can really objectively assign a "fair value" to something they really have no idea about other than what they see on paper and how the "market" has treated it .... whose paper, what market ? .... yeah "market" being Cornell C-note death spiral !!! Did they ever refer to Huntleys past and PRESENT valuations ... thats as much "market" as anything anyone else can offer u would think !!! Aint we still a buy up to 175 or something ? lets see 175 + 42 / 2 = abt 108 ... yeah, close enuff to the ORM 110 pivot I guess haha !

Why werent we given a cap raising alternative along the way to pay cash instead of death-spiralling shares to Cornell which btw had the effect of FURTHER reducing our shareholder value !!! We could have stopped the "market death spiral" earlier if u think about it. But plenty of downrampers and other forces to help it along its death spiral instead of stopping it in its tracks!

IT FEELS like we are getting raped and pillaged by our own "heroes" with a smile ... but I'm not sure what to do about it for better deal for us apart from also donning the pirate hat and adding to my own core holdings at these "market induced" (sometimes I wonder) RIDICULOUSLY CHEAP prices in the HOPE the "market" will regain some sanity as to "real" FAIR VALUE !!!

I know I know I previously said "phew we've been let off the hook" ... but is there another way we can reverse the hook from being in our throats to being in the C-note holders' throats ... after all THEY have THEIR cash at risk like us and it has to be WIN WIN for all right now.

Maybe during all this time of SILENCE CMR could have actually spent a LITTLE cash and drilled some of our sexier URANIUM deposits and come up with plenty of Athabascan champagne drill intervals to remind the "independent valuers" we are more than just a processor of oxidic overburden to the main ores u would think.

What happened to HNC's 10+ mill bucks pa exploration budget? Maybe it didnt suit HNC to do anything ... after all, they are now asking us to OK their replacent of previously sold 410 stock at 42c now?

Have to throw the e-cat amongst the e-pidgeons in here now cos the reasoning offered me so far to let go of my precious at 60 mill bucks market cap seems a bit light considering we JUST finished paying about 150 mill for OUR SHARE of the STARTER PLANT for Zee's sakes !!!

I feel really P+++ED to see CMR sp at where we STARTED from 4 years ago and at 10% of its March/April highs and IMO without justification other than a series of "coincidental" market events to allow some "independent valuer" come up with a (IMO) subjective "valuation" based current "independent market" conditions. Reckon my COSMIC ORM PIVOTAL valuation of 110 ps has more SUBSTANCE than theirs ALL THINGS CONSIDERED ... and the Board accepts this ? Why, what happened to all the previous optimism ?

Open for debate and scrutiny now your honour .... in here in front of 4000 good men and true .... before the EGM .... there is enough firepower in here to influence the outcome of the vote one might think. Your views please ...... am sure everyone is looking so lets have a pre-EGM EGM haha.

IMBOOC

(Btw do we have an MD in this company ôï challenge the independent valuation on our behalf ?)

Oh yeah .... I pose food for thought without prejudice to inspire some reasoning and educated response both in here and at the EGM Its really for Cuzo and his mates so that they fully understand why they are throwing bricks or flowers at the Board on Jan 29 haha.

I need a puff of that cosmic smoke again shiite. Praise the Gods CMR aint my prime focus anymore but only one of about 4 of equal importance to me now (by default of "market devaluation" of course) ... poor excuse I know haha.

PS again .... its not that I dont think GT/HNC deserve the bridge and in fact WELCOME it ... its that I think they are trying to gain the A-class berth with a C-deck fare ! OK OK its summer foresale time ... (year ???)

IMBOOC