Hi all,
I'm in the stock markets for more than 15 years, but a newbie here at HC.
Going back to all the company announcements since 2010, I cannot help but question the real reasons behind the current takeover by Denison Mines.
(1) Why takeover at all and why now ?
(2) Denison is having full control of the production and marketing of WCU's U3O8. Why is the need to takeover now? Why not last year when they could easily buy it cheap from GDN, and perhaps launching the takeover then at 15c or lower with a better chance of success?
(3) Why letting Yulu & Wu get set with the upper hand now ?
(4) Why lent WCU a money for operation need while they could have easily bought into the equity like Yulu & Wu t get set ?
(5) What is the real outcome of the revised JORC we supposedly hear from after the Spring drilling campaign ?
(6) Who is the real corporation behind Yulu & Wu holding?. I believe they are not part of Denison's current taking over scheme. Will they hold out or launch a competing bid ?
I personally think that Denison motive for taking over now would have to be based on some substantial information just recently become available for WCU.
This is certainly not the end game just yet.
Good luck to all shareholders
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