Wow....Is today's offering from CGN actually something good?

Specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia

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Riskit01

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Wow....Is today's offering from CGN actually something good?

posted on Dec 21, 2015 10:49AM

This deal makes me wonder if it is a good thing or not.

CGN is aquiring 20% 19.99% of FCU for about $82 million which to me values the company at $82*5 for $410 million (or $ 0.85 a share). The DML Merger, at least intially valued the company at $1.26 and this was before the PEA. 1.26/0.85*$410 = $607 million.

Is there an upside to this deal that may eventually allow FCU be valued for more than what is indicated here? It sure would be nice if somone woudl could clear up my thinking on this as it sure seems to me that FCU is trying to sell itself no matter how cheaply.

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