sellers will miss the u, page-6

I agree - however I understand this.

The u is not worth a great deal to GDN until it is mined, processed and sold.

After the world record drilling and fishing saga, i prefer to see them JV with people who know there stuff and have the equip and the people to handle the U side for GDN. It comes with a price and on the surface it would seem reasonable for both parties to retain 30% each.

100% of not very much = not very much
30% of U being sold in current U value = a significant lot more than not very much

GDN shareholders have the first option to purchase the balance and this will provide them with some quick profits.

Irrespective if you do not take up the shares in the new company it will still provide a value that will pass through to GDN and will be IMO be rerated much higher than what we are seeing now.

30% of U happeing is far more preferable than 100% of zero.