Many investors dont like Amir Adnani, but gotta give him credit for buying UEX & Roughrider, probably making $UEC the most leveraged stock to the #uranium price. Rio paid US$11/lb in 2011 for Hathor, and now selling Roughrider for $2.59/lb - how to destroy shareholder value 101
https://twitter.com/quakes99/status/1580175470100119554
And do you know what is the irony? By paying $2.59/lb for Roughrider it is actually lower than currently what market is offering $uec on a total resources per pound basis (~$6.4/lb) before the deal. So yes, the acquisition of Roughrider lowers the valuation of UEC to $5.2/lb
And Roughrider immediately will become the highest grade project in UEC's portfolio. Will there be a higher bidder?
• • •
Missing some Tweet in this thread? You can try to
force a refresh
