Just some food for thought on the news about the private placement - I also agree this seems to be a potential way to take the ura shares out of the mix.
Here is my rational - 28m shares for $6 million. Plus an additional option to buy an additional 7million shares... why? = because the additional 7 million shares will give them 10% ownership of UEX.
Now if UEX was planning on further dilution of the shares for this financing then 28m + 7m won't give them 10% ownership.
Did UEX make a deal to buy 20 something million shares from global x and sell them to the new private placement???
Personally I think their is more to this story, I guess we'll all find out in the coming days/weeks.
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