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0.2¢ black range minerals limited

This is the type of agreement we shld be seeing. PDN bond issue. Tier 1 U308., page-66

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iwik.cazna

211 Posts.

09/04/15

10:24

Post #: 15055704
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Originally posted by Robot42 ↑

IMO there are a few reasons for this which I'll and explain.

1) WUC shares don't trade on the TSX, they are actually on the 2nd tier CSE, which has significantly less action on it, but also excludes a lot of investors. The WUC shares appear to be artificially propped up on that system bringing into question what the actual premium is. I'd also expect a fair amount of selling pressure post takeover as some people do as you suggest and struggle to find a buyer on the other end.

2) The WUC business plan is fairly grey at this stage. They will restart production and make dollars apparently. It's pretty light on details and for that reason some would have doubts about how quickly the company could actually become cash flow positive and whether this money would then be enough to get Pinon Ridge Mill or H/T Ranch into production.

3) Uranium market remains suppressed. Don't think I need to expand on this one too much.

I would expect more details on No. 2 as we move closer to a shareholder vote, but 1) and 3) are pretty much outside anyone else's control at this point.

Hope that helps.

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Thanks.

BLR Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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