Quote: "Early July, pdn offer VUL, 1 pdn share for 3.16 vul share. before offer vul sp wes about $1, smm was $1.5, uranium spot price was US$47/1b. When pdn offer smm,1 pdn share for 2.04 smm share, pdn share price is $9.44, so smm share worth $9.44/2.02=$5.12, if vul shareholder still hold pdn share, vul share worth $9.44/3.16=$2.99, so 5.12/2.99=1.71, 1.5/1=1.5, only up 14% (1.71/1.5), but uranium up 81%(85/47). compare with the offer to vul, smm at least worth $8.12, ($2.99*1.5*1.81) and not count smm's new uranium resources discovery."
Hi stayhere,
In your above calculation, $9.44/2.02=$5.12 should be corrected and replaced by $9.44/2.04=$4.627.
So $4.627/2.99=1.548, only up 3.2% (1.548/1.5) from 1.5.
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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