GUE 0.00% 8.6¢ global uranium and enrichment ltd

Finally it has arrived, page-6

  1. 151 Posts.
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    So how are they going to fund the acquisition? They have already said they will seek shareholder approval to place shares beyond the 15% rule. I would say they would need at least AUD$10 million to fund acquisition and a healthy exploration budget (current mkt cap $9 million). Unless they see a run on the share price, we will be looking at a massive discount, and a doubling of the shares on issue (not to mention the plethora of performance rights).

    For this reason I sold out today. I'll buy back in post acquisition when the share price is 15c.

    Good luck to all.
 
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