Ann: Trading Halt, page-38

@TheSpaniard (couldn't reply, testing just new post instead) Agreed, this should be plenty accretive. JB's talked (on Crux iirc) in the past about wanting a project in a different jurisdiction, & talks a lot about importance of conveying security of supply to utilities (e.g. even not buying yellowcake inventory because it conveys uncertainty in one's deposit). Seems this achieves that. Add that with DYL's team (not just JB but most of ex-PDN squad) and the final entity here has a couple of pretty unique edges in the current landscape.

Add in the fact that Kazatomprom with the Russia situation is not quite as bulletproof as it used to be for confidence of supply, & merged DYL is in a pretty sweet position to perhaps compete for some buyers who might previously have been heavier on Kaz.

Whatever the premium paid, the result is certainly a pretty unique company in the current landscape. And you're correct, that's a more interesting discussion than whether we pay 8% or 24% premium or whatever