Clearly, if MEY deliver a positive scoping with low OPEX, we are a prime t/o target.
I have compiled a little retrospective on Areva's t/o of Uramin at Trekkopje, just to indicate how swiftly the French have moved in this area of Namibia before. Interesting that UraMin's U308 was valued at around one fifth of the market average at the time ... and then Areva paid slightly over the market average at t/o. Gives me great encouragement that any t/o of MEY will likely be at many multiples of today's SP (and even then, the acquiring party will be getting a bargain if spot price goes on the predicted bull run). 2010 could be the year.
http://docs.google.com/Doc?docid=0AViwbrO8RmpyZHh6dGJxaF8zZ3o2cHJrYzc&hl=en_GB
takeover
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32.5¢ |
Change
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Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.3¢ | 31.5¢ | $201.0K | 622.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16107 | 32.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 83000 | 4 |
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