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Mum Dad Investors Demand Better T/O Deal, page-31

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cait11

458 Posts.

09/02/15

10:51

Post #: 14720523
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Originally posted by Grant64t ↑

This Now Confirms Why IMO: Glasier has fast tracked this low ball takeover offer onto BLR

Here's a further reason to support " VOTE NO "

http://www.ibtimes.com/japan-begin-reopening-nuclear-reactors-june-report-1807570

Japan To Begin Reopening Nuclear Reactors in June: Report

By Aditya Tejas @Artejas [email protected] on February 06 2015 6:16 AM

Workers wearing radiation protective gear rest on a road at TEPCO's tsunami-crippled Fukushima Daiichi nuclear power plant in Fukushima prefecture, November 12, 2014. Reuters/Shizuo Kambayashi
Japan’s government is planning to reboot a nuclear reactor by June, years after the Fukushima disaster put the island nation's nuclear power abilities into uncertainty, Reuters reported, citing sources familiar with the plans. Kyushu Electric Power Co. will reportedly be given authorization to restart two reactors in southwestern Japan, beginning with the Sendai station in Kagoshima Prefecture.

The nuclear regulation authority had confirmed in September that the Sendai station met stringent new safety guidelines introduced in 2013, making it eligible for rebooting. Kyushu Electric on Friday said it was still working on the documents necessary to meet regulatory approval, despite missing last year's deadlines, The Japan Times reported.

Authorities had said in November they planned to reopen Sendai sometime in 2015. In a vote that month, 38 of 47 of the Prefecture’s Assembly backed opening the station.

Prime Minister Shinzo Abe’s Liberal Democratic government has been calling to reopen some of the country’s 48 nuclear reactors, citing their role in improving Japan’s flagging economy. All the reactors had been shut down following the meltdown at Fukushima Daiichi plant in 2011. In January, the government revised its target of generating electricity from nuclear power to 15 to 20 percent, compared to 29 percent proposed before the Fukushima disaster, Reuters reported.

Prior to the shutdown, Japan was the world’s third-largest nuclear energy producer. However, since the shutdown, the resource-poor nation has relied heavily on imported fossil fuels, which have contributed to a record trade deficit. Japan’s Ministry of Trade, Economy and Industry, notes, in a report, that there has been "an upsurge in Japan's dependency on fossil fuels as a power source from 60 percent before the earthquake to 90 percent."

G64

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Grant,

What happens if this Japan reopening is delayed again? Was these not supposed to switched on over one year ago?

And a low ball offer is. 20% premium to where the share price traded before going into suspension. I beleive it was ,2 so add 20% and the take over price could be ,24 instead of ,6.

Or using the latest take over bid, energy Fuels, a market related take over price is at a 35% premium. Take a 35% on ,2 and you and I receive a bid of ,27. We BLR shareholders are receiving ,6.

Be careful what you wish for. If Glasier walks, the BLR share price is sure to crumble before the Receiver steps in. Because that ore at HT will never see the light of day at White Mesa or Pinon Ridge.

Cait

BLR Price at posting: 0.3¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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