Ann: Proposed Takeover Offer, page-26

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spruik

7,329 Posts.

31/01/15

08:37

Post #: 14673154
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Originally posted by Bede ↑

This is a pretty crappy deal for all Black Rangers IMO . One of the largest uranium deposits in the USA and one of the most promising mining technologies is basically being snapped up for a pittance. A uranium price recovery is probably just around the corner too. Japan is in the process of restarting reactors.. You truly have to wonder if directors are operating in the best interests of shareholders when they recommend a takeover such as this. IMO this company simply needs to consolidate its shares, cut back expenses and hibernate until the spot price improves. IMO this offer is predatory and opportunistic and even though BLR is probably close to running out of cash, shareholders interests could be served better by raising just enough to survive on a shoestring budget until U308 market conditions improve (and they will/are). Preserve the assets and cut all expenses .. Focus on survival for 12 months and wait out the nuclear winter in hibernation. When the spot price rises, sentiment changes very quickly and valuations for Taylor/Hanson & Ablation would be multiples of what they are now and that could well happen within the next 24 months. WUC getting a bargain for sure at the expense or long suffering BLR shareholders. Just my opinion only.

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You truly have to wonder if directors are operating in the best interests of shareholders when they recommend a takeover such as this.

Clearly, they seldom are with small-cap companies. Usually the companies are there to serve the directors.

BLR Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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