Denison offer expires on Weds 28/02/07 and currently they only got 10.28% of the acceptance so far. By Weds I am expecting for a new offer either from Denison or another company. I can't see Denison will walk away from the takeover since price of uranium is now jumps to US$85/lb and OMC has released more great results since the initial offer.
I am not concern if Denison is walking away from the takeover as OMC should runs much higher once there is no price lid on it at $1.10.
OMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held