Cape lambert only owned 20.38% of CXU. The Qiu brother owned 26.25% ( See presentation) Do you think the the Chinese Entreprenuer & the rest of shareholders is going to give Sage the company for a dime? Do you think those shareholders who has been in CXU for years now & still stick to it even when the SP is 9 cts can't see the potential of CXU & what do you think the value of CXU gonna be with the EMX aquisition is succesul. At 32m lbs sau value $3 /lb in ground is roughly $90m valuation not withstanding more uranium finds to come & other potentioan assets like Maree, Argentine etc & combined cash of $4 m plus for exploration. The com is way under value & the rest of shareholders are no D/head or naive. To get from 20% to 90% by CFE or Sage will have them getting the price down significantly to cause existing sh to dump. Guess what? IMHO, they will accumuluate rather than dump. Sage strategy is to use CXU as a vehicle to build a big & prifitable company & reward himself & existing sh rather than take the company private. IMHO
CXU Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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