1. How many US listed companies are there with a 100% Australian only asset base?
2. What were the 3 most recent M&A take over ratios paid in the mining sector?
3. What was the Energy Fuels premium paid for Uranez?
Once you find out the answers to these 3 questions, you will then realise why the financial expense of a dual listing coupled with the low amount of Antropedian based investors, added to the fact that investors are able (but possibly too lazy) to open up CSE trading accounts through their Australian brokers or via TD Securites or BMO, means the risk is WU walks away from the deal before paying more for a company that is not a going concern, as per the latest financial filing. If WU walks, shareholders will get nothing.
And if our good friend BUC is right, WU will go direct to the other side of the ablation JV, showing BLR shareholders that the deposit is secondary and there will be risk WU walks.
