moore_capital54 Posted August 27, 2011 Share Posted August 27, 2011 http://www.youtube.com/watch?v=QY8g_IsI_gY This ties in well with some of the debates we have been having here about fiat money, etc. Also for those that don't believe in the Junior Market, another consolidation occurred last week. Cameco, one of the largest uranium producers in the world acquired Hathor for $520 million. Hathor, for almost a decade has been developing a large 17mm ounce uranium property in saskatchewan. Since inception, Hathor has raised $112mm from capital markets, while it retains $17.2mm in cash. In other words, with about $95mm Hathor has created $520mm in value for its shareholders (Buyout price). Why did Cameco buy Hathor? Because they need more Uranium resources to produce! Link to comment Share on other sites More sharing options...
Baoxiaodao Posted August 28, 2011 Share Posted August 28, 2011 http://www.youtube.com/watch?v=QY8g_IsI_gY This ties in well with some of the debates we have been having here about fiat money, etc. Also for those that don't believe in the Junior Market, another consolidation occurred last week. Cameco, one of the largest uranium producers in the world acquired Hathor for $520 million. Hathor, for almost a decade has been developing a large 17mm ounce uranium property in saskatchewan. Since inception, Hathor has raised $112mm from capital markets, while it retains $17.2mm in cash. In other words, with about $95mm Hathor has created $520mm in value for its shareholders (Buyout price). Why did Cameco buy Hathor? Because they need more Uranium resources to produce! I believe there would be some juniors growing into something significant. However, it is not even a game for good investors. I think only 1 in 10000 investors can figure out what really is going on in the sector. The volatility is hard to swallow as well. For a company to go from 1 to 10 per share, sometimes it goes to 5 cents first. It is hard to sleep sound at night with this kind of holdings. Bad for your health :) Link to comment Share on other sites More sharing options...
Myth465 Posted August 28, 2011 Share Posted August 28, 2011 I highly recommend this video, watched it last year and found it intertaining. Also love the thread title. Link to comment Share on other sites More sharing options...
moore_capital54 Posted August 29, 2011 Author Share Posted August 29, 2011 More Junior M&A Today, Aurico Acquiring Northgate: http://www.marketwatch.com/story/aurico-gold-to-buy-northgate-minerals-2011-08-29 As I explained, things tend to get busy towards the end of the year. Why did Aurico acquire Northgate? It's because they want to become a mid tier producer (500k ounce+). Meanwhile, Northgate which was about to acquire Primero, another interesting junior with some good assets, has broken off that deal for Aurico, and will pay a $25mm breakup fee. The demand comes from the actual commodities, which are supplied by the producers, who themselves are supplied by the juniors. It's the circle of life. Link to comment Share on other sites More sharing options...
biaggio Posted August 30, 2011 Share Posted August 30, 2011 Thanks for the link I am 45 min into it. Having never formally studied economics or history-I find it very informative + entertaining. I never read the book Ascent of money-is this the video version? Link to comment Share on other sites More sharing options...
moore_capital54 Posted August 31, 2011 Author Share Posted August 31, 2011 Indeed Link to comment Share on other sites More sharing options...
biaggio Posted September 3, 2011 Share Posted September 3, 2011 Just finished watching Enjoyed it very much. Thanks again Link to comment Share on other sites More sharing options...
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