AEK anatolia energy limited
Add to My Watchlist 0.00% ! 6.0¢

URI rocketed up 81% to $1.34 USD on nearly 500,000 shares on...

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    21/09/15
    10:01
    Post #: 16027267
    URI rocketed up 81% to $1.34 USD on nearly 500,000 shares on friday night. Crazy buy in... Perhaps someone is coming after URI?

    https://au.finance.yahoo.com/q?s=URRE&ql=0

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    AEK shareholders are set to receive 0.06579 of URI per share of AEK. With the URRE at $1.34 and the AUD/USD 0.72 let's do the math...

    0.06579 * 1.34 /0.72 = Implied share price of 12.2 cents. Not a bad return for 3 months.

    I'm buying more AEK and will be voting for the merger.
    AEK Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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