RE: RE: TSX listing25 Jul 2021 18:10
Blue Rhino board are VERY shrewd and the sole focus will be on Zeb, they know what they are doing. Getting Zeb for under $10m is an absolute steal. There are comparable assets on TSX which are valued at $100m+. BRC will list as Zeb Corp very shortly on TSX and URU will own 80% of the shares.
The freefloat will be very tight on Zeb Corp as the money raised back in March/April was 4x oversubscribed.
I think a few people have got wind of it being close hence the shareprice started to move up. Base value is 350p to URU based on the valuation of the transaction outlined in the January RNS.
However i expect Zeb Corp to multibag on the TSX exchange quite quickly which in turn will mean URU's shareprice will benefit hugely as well.
Exciting week ahead