There's an expectation by UUUU that Toilara will be approved:
https://www.energyfuels.com/2024-04-21-Energy-Fuels-Announces-Agreement-for-Transformational-Acquisition-of-Base-Resources,-Creating-a-Global-Leader-in-Critical-Minerals-Production-with-a-Focus-on-Uranium,-Rare-Earth-Elements-and-Heavy-Mineral-Sands
As BSE's mine development and operations team will be kept, one can only wonder what sort of lucrative offers will be given to such staff?? Perhaps better than existing offers hence the recommendations for acceptance of takeover??
Given the size and growth plans of UUUU and the potential that Toilara offers to them, shame BSE's board did not push for a better offer for holders. There could have probably a better outcome for BSE had Toilara been approved under their stewardship.
However, analysts also predict a sizeable upside to UUUU's sp in the next 12 or so months and if exchange rates remain around current levels, it may give a bit of boost to those who take up the offer and continue to hold in the new entity. AIMO
