Last post for a few hrs as I really need to do some work
I will explain why
1. Rand Uranium derisked due to Chinese finance plus lkelyhodd they will be buying uranium
2. If we think Chinese got a steal, and their intention is use Gold one as a vehicle to buy more, why wouldnt one want to not give up the uspside in GDO abd also participate in future bargains
3. Access to chinese capital from a massive corporation hugely important.
4. GDO becomes a big producer with a much bigger market. This will cause rerating on a PE perspective but also will mean it will be included into many indexes and create forced buying
5. Bidding war still a chance
6. Funding of uranium plant also now a non issue
7. Cashflow freed up for Vburg development
8. I dont mind being aligned with the chinese specially when they have so much to lose if it goes badly and so much to gain.
8. In the end I think the structure that allows participation is a good one, sell out at 55 for cash if you want or join us if you think 55 is too cheap.
Last post for a few hrs as I really need to do some workI will...
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