Sorry, you've reached the end of my expertise now (didn't take long!). My understanding is that it's this opacity of the U market that is why there's so much excitement about the new Sprott/UPC vehicle, which will provide the de facto price and become a U ETF in effect.
Anyway, I'm interested in your plan. Are you wanting to bet that the future price of U is being underestimated?
Just a further thought. We perhaps need to be a bit careful here, because whoever PC is negotiating with will no doubt be doing due diligence, and they may even look in here as part of that. I'm sure nothing would please them more than to see Sunrise being pressurised by its own shareholders into reaching an early deal.
Oh, and if you ARE one of those negotiators looking in here as part of DD: well, you must be aware that the value of our products is only heading in one direction, so I suggest it's YOU who should be getting a move on!
Hi Dip66, that's great, very well written. From my experience emailing Patrick a while ago, a polite email like that will get a response fairly quickly - far harder to ignore than a vitriolic rant!
I'm not telling anyone else what to do, but I would hold off the email "bombardment" until/unless Dip doesn't get a reply. I believe Patrick does look at this board and will be aware of the spectrum of weary/frustrated/angry feelings here.
Boral exploring options for North American Fly Ash business Boral Limited (ASX:BLD) announced today that as part of the review of its North American Fly Ash business, it intends to explore value creation opportunities through a potential joint venture, strategic alliance, divestment to a third-party or continued ownership. Boral has appointed advisors to support this value assessment and will provide an update to the market at its full year results announcement in August, or earlier if appropriate. Boral’s CEO & Managing Director, Zlatko Todorcevski, said: “We have conducted a detailed study of the US fly ash industry and remain confident in the long term demand dynamics for the industry, including significant incremental demand growth potential from the US Government’s proposed new infrastructure program. “New opportunities for supply exist from harvesting landfills, imports and natural pozzolans, which we expect will more than offset the decline in fresh fly ash supply as the US transitions away from coal fired power generation. As we continue to build our alternative supply strategy, strategic alliances and opportunities for partnership will be considered in parallel with divestment options or continued ownership.” "