THE $10+ CASH PRICE PER POUND OF RESOURCE IS MUCH HIGHER THAN OTHER COMPANIES MARKET CAP. IMPLY SECTOR RE-RATING ON THE WAY???? Extract from the announcement below.
ARMZ MAKES ALL CASH OFFER FOR MANTRA RESOURCES
VALUED AT A$1.16 BILLION
Transaction Summary:
? Mantra and ARMZ have entered into a Scheme Implementation Agreement under which ARMZ will acquire all of the issued share capital in Mantra by way of a Scheme of Arrangement with minimal conditions
? Under the Scheme, Mantra shareholders will receive cash consideration of A$8.00 per share. This values the Company at approximately A$1.16 billion
? The offer equates to US$10.26 per pound of resource, which is significantly higher than other
substantial uranium developers
mantra resources takeover at us $10+ per lb
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