When shareholders believe their share price is undervalued, they do not sell. When shareholders believe their share price is over valued, they sell. unless you are a day trader, do not believe in the uranium story, or are just trying to buy some WU scrip, it really does not matter that WU has not traded.
Any INVESTOR as opposed to a micro cap PUNTER knows that the news flow and earnings drive the share price higher. WU should have plenty of news flow and WU will have earnings. I would guess that WU comes on the radar screens of all the north american unit trusts after the merger is completed and there is news released. maybe WU moves to the US exchange where the retail market also gets involved. UUUU did this.
if you do not like the WU liquidity today, there are buyers for your blr position. either you are involved with WU because you see a future with value creation activities, or you are a punter looking for a quick flip.
as an INVESTOR and not a punter, i do not mind that none of the over 200 WUC shareholders are not selling. it tells me they know excellent value when they see it. i have my position and am playing for $20 here in 24-36 months. $4.70 is a long way away and i am patient. patience is rewarded in this game, not micro cap day trading.
