Alternatively they could pay off another bunch of the convertibles due April 2017 and do a "conversion" on the balance - the conversion is already priced into the SP. They have $55M cash in the bank
If they get the CNNC deal over the line no conversion required - upside potential from current situation and CNNC get locked in offtake for their 15 new reactors under construction. They previously bought 25% of LH to feed the reactors brought on line so they dont need to do much due dilligence - just need time to get the necessary approvals and authorisation.
Either way there is no downside on the transaction from here, U price is the only unknown and I think it is near the bottom if not already behind us.
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$11.34 |
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Open | High | Low | Value | Volume |
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---|---|---|
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1 | 3200 | 11.330 |
3 | 12029 | 11.320 |
4 | 10599 | 11.310 |
8 | 18440 | 11.300 |
3 | 11993 | 11.290 |
Price($) | Vol. | No. |
---|---|---|
11.400 | 1054 | 2 |
11.410 | 300 | 1 |
11.420 | 2006 | 2 |
11.430 | 7793 | 1 |
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