EL8 1.27% 39.0¢ elevate uranium ltd

have areva lost their blocking minority?

  1. 44 Posts.
    Good morning/night,

    as far as I know, AREVA have a stake of 10.34% in MEY. If Hanlong receive about 2.8%, then AREVA will lose the blocking minority of 10%, won't they?.

    That would not be essential, but to uphold the 10% they will be obliged to buy over the market what entails an announcement each time. Means that AREVA have to show their actual interest in MEY.

    Am I right? I don't have the exact figures at hand, sorry. It is just a spontaneous idea.


    Regards
    LOWCUST
 
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