Call it what you want but the shareprice has rallied from $.7.80 through to 8.86 when the news came out,
When people realised that the likely bid price would be for 9 dollars they thought hmm.. other than all the associated risk with the speculated bid, i could take my profit or walk away even now, or have my money tied up in a company for months all for a 10% return, or i could invest it elsewhere where bluechips are trading far below their intrinsic value and even at fractions of what they were trading 12 months ago, some even paying fully franked dividends of up to 10%.
Where would my money be better off.. in a Uranium company with a speculative bid which will see a 10% (if your lucky) return but no long term growth or value, or a company paying dividends trading at a significant discount to its intrinsic value and with growth potential?
I think I know where I would put my money.
Call it what you want, but that's what it is.
EXT Price at posting:
$8.49 Sentiment: None Disclosure: Not Held
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