of shares in public hands..does this sound right here?
Directors are still holding all their shares.
No wonder the directors got rid of there shares pity they didn't tell us they were going to selk up cheap an lose us money #$@*/
I do not doubt the uranium assets value, I just doubt the competence of Matt Swinney. He has promised vast amounts on UCG and delivered a $26 million write off last term. Where were our other negotiators when this deal went through? I have 1.3 million of these sitting at a 70% loss. Do I believe I will get a return? Perhaps. Do II feel Matt is the person who will deliver that return? Not a chance. Unproven CEO who has failed to deliver anything of note. As uranium price returns we will benefit.
Australia signs off uranium deal
http://www.coolum-news.com.au/news/australia-signs-off-uranium-deal-abu-dabi/2232362/ Hungary deal next? Market cap for WHE's uranium asset is only £2.6m!! AREVA presentation few years ago: http://www.atomeromu.hu/download/1679/EPR "AREVA is ready to be a partner for Hungary in the Nuclear Renaissance" Take over on the cards, "active discussions ongoing, news near term" GLA
UCG was and still is unproven on a large industrial scale and still needs a huge investment to make it commercial whereas Uranium mining has been done before in Hungary. The production cost were quite low what I can gather. Therefore with all the recent nuclear news from China and Japan it was a wise decision to focus purely on the world class uranium project considering they already have the government as a partner who have their own uranium licence. The current Ukraine crisis and Europe's push for Energy Independence puts Wildhorse and Hungary in a stronger negotiating position imo. I expect now growing interest by majors from the uranium industry who want to secure their fuel supply within the EU. The recent Forte Energy deal taking over European Resources underlines that. Also don't forget that WHE's management includes several men with extensive experience in uranium mining, not least Mark Hohnen, who was also chairman of Kalahari Minerals, a company with interests in the Husab Hills uranium project in Namibia, one of the worlds largest deposit of the ore. He sold the company to China National for £600 million!! Then we have uranium guru and deal maker Mr Middlemas as a director, who has founded, developed and engineered the takeover of several uranium explorers including the $1.2 billion!! takeover of Mantra Resources by the Russians. He is also currently director of uranium explorer Berkley resources. Interesting times ahead. GLA
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