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50.0¢ 92 energy limited

yes ... i know this merger is good for the company...i know we...

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uranium69

5,778 Posts.

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08/12/23

11:48

Post #: 71345314
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Originally posted by Johnyb888: ↑

Its not a buy out. Its a merger.

We as 92E share holders will get a stake in the merged company and that stake is 78% higher then purely based on the 92E market cap. You will still have exposure to all 92E's claims and discoveries and also to the already existing resources ATHA holds as well as any discoveries made on their or on Latitude's claims + a 10% stake in some of NXE's claims as well.

Basically this will become a huge exploration company with a very large Canadian land package, a pile of cash and at least one decent resource of over 40M lbs at 0.69% (or 6900 ppm). And as 92E holder you will get more than your fair stake. For this much bigger company it will be much easier to attract institutional investors and get included in ETF's.

The chances of going say 50x are certainly smaller...But so is the chance of going nowhere as the chance of getting a significant discovery is much, much bigger plus there is already a decent resource that will prop up the value...Al this means that even if it takes a while to find something there is likely going to be much less dilution. Not that they will need cash any time soon with $64M Canadian dollars in the bank.

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yes ... i know this merger is good for the company...

i know we need a capital raised soon...
we know 92 energy will need some time to find high grade uranium..

its good for share holders.... good for atha latitude uranium and us in the long run...

i just want my 50x lol...

etf and investment funds will be good for sp....

baselode also part of etf.. thats why their sp looking good..

atha share price is kinda strange ... trade volume is low even though we got a merger....

will need to see average trading volume..

it good to know you guys....

guess i move on to my tea and pokies again...

92E Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
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yes ... i know this merger is good for the company...i know we...

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