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Crazy cheap stock. The update is too big compared to market cap.
Profits to Mtec now
Billions worth of deal and still dirt cheap. https://www.lse.co.uk/rns/BSE/proposed-combination-with-energy-fuels-to-create-global-critical-minerals-business-c59pl2lycjmw8x8.html
0.026 shares at a current share price of 5.84 = .1518 USD = .1218 GBP
Hardly going to explode further is it?
Yes market is still 131 million and the deal is in billions + company value. This should be 50p+ minimum. Crazy cheap .
You're not wrong, I crunched the numbers and came to the same conclusion.
Still , +114% isn't exactly a bad day at the office, is it?
The US market will open at 2:30.One and a half hours to go.Soonπππππ°π°
Base Resources and Energy Fuels have reached a binding agreement for Energy Fuels, a US-based uranium and critical minerals producer, to acquire 100% of the issued shares in Base Resources by way of scheme of arrangement.
Base Resources shareholders to receive 0.0260 Energy Fuels common shares plus an unfranked special dividend of A$0.065 for each Base Resources share held, equating to total consideration of approximately A$0.302 per share. Represents a premium to Base Resources' last closing price of 188%, and a premium to the 20-day VWAP of Base Resources shares of 173%.
I see this and MTEC flying this afternoon would be great to see this up 200 per cent
Every small dip being bought up by clise.
Looking forward into close and tomorrow.
I see mtec top of the board today, big ask but market starting to take it onboard!!!
David,
I noticed you over in KAT.. smart move.
Paul Johnson and Gervaise Heddle (the old GGP crew) are both getting involved in Katoro.
I've done well following GH into GGP & ONDO & GSCU.. ...all have multibagged
No idea who the new KAT CEO is going to be.. but market is unaware of this little 1.4m market cap company as they've done no media for over a year whilst restructuring the business
Recent oversubscribed cash raise at 0.01p and cash held basically covers the full market cap and suspect a new exploration asset(s) is about to be transferred into the comp in exchange for some shares, then new ceo then a load of PR etc.... then whoosh.
Warrant accelerator up at 0.5p would release a further Β£1.25m cash & would be just over a 5 x bagger (500% rise) from the present SP and wouldn't take much volume to see a 1m m/cap cap zoom up to 5m m/cap.
Especially with the backing of 2 (or possibly more) of the old GGP crew in there. Gervaise Heddle & PJ.
Once news lands, no chance picking them up this cheap.
Could easily be a 10 x by June from present levels.
GL.
Bought some Mtec.
Button it David , you're proving yourself to be the ultimate ramper. 50p my b*tt.
Sure you'll be gone by Friday.