HI Adverse market conditions are not a DD issue. Also they are a long term player in the space, Nucore has been set up for a long term play in the Nuclear fuel space. Regards Gus --------------------------
The reply indicates to me that they wouldn't be pulling out unless the DFS didn't meet the required standard.
A lot has been written on the termination but to me it boils down to one thing being GUS did not close the deal. Instead of locking in Nucore when the s/p actually was 7 cents he instead agreed to a subject to clause which gave Nucore a win win without outlaying a bean, now was that clever GUS? Pen was always on the back foot with this deal. In the meantime Nucore was looking at different suitors which they legally could and they walked due to market conditions, because they could.
Gus failed, maybe he was just to cocky.
enough from I'm not looking at an entry for a while , not after the DFS NUCORE fiasco.
PEN Price at posting:
4.4¢ Sentiment: Sell Disclosure: Not Held
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