Alpha Minerals Inc ESOFD

Canaccord

[toriddog]

Bridge, I agree there is something else going on with Canaccord. The legal situation is not new and if this was the concern to change their focus, it would have happened earlier.
There is still a .78 cent discount on AMW shares to the merger price at the close. There is no way that this dicount is due to spinco valuations.
Canaccord no doubt is aware of this, but they are not buying AMW to pocket this windfall. The only way this can be fixed is by AMW going up or FCU going down. The FCU price would need to fall to $1.06 which is highly unlikely. There are too many assays and drill results pending and no bad news. Also if this happens AMW shareholders can move back to FCU and avoid the whole merger by getting the merger shares early. Maybe they are reducing the focus rating so they can pick up AMW shares until the gap closes. We will find out next week.
I guess there is a slight possiblity that the vote does not pass, but I have discounted this as it is highly unlikely.

[bridgetonowhere]

@toriddog - Is it possible that Canaccord will be doing some investment banking for FCU or the spinco and they have an incentive to try and talk them down to negotiate some better terms for themselves?  I don't know, but their analyst is way behind the news on the drilling front, and he's even confused about the counterclaim, naming Fission as the plaintiffs.  AMW is obviously

[battleready]

@bridgetonowhere - you are way off believing this analyst is trying to talk them down to get a better deal. You have no clue how investment banking works. Canaccord's Corporate Finance will deal with the spinco, not the analyst. He has to distance himself from Corporate Finance. Another important point, the counterclaim is against Fission Uranium not the spinco. 

[bridgetonowhere]

@battleready - I guess maybe you don't recognize the difference between conviction and conjecture.  Another important point, Fission is the defendant and not the plantiff in the counterclaim.