VMY
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0.00% 19.0¢ vimy resources limited

Dont understand why VMY shareholders want cameco to buy them...

  1. ironwang
    765 Posts.
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    30/11/21
    12:19
    Post #: 57959714
    Dont understand why VMY shareholders want cameco to buy them out...

    Its argued that they have some exisiting contracts they need to deliver on, that they are buying on market limits their upside. As uranium price rises they see a decrease in their margins off these contracts. Limiting the upside of Cameco share price.

    Prefer Deep yellow shares over cameco tbh.
    Last edited by ironwang: 30/11/21
    VMY Price at posting: 24.0¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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