Uranimom wrote: DemoZ wrote: quakes99 wrote: See what I mean? One of the biggest NexGen promoters selectively pulls out one line and leaves out the following one where Ross says "on paper we look at it as a merger of equals".
This constant barrage of misinformation does nothing to change the situation... Denison Mines has put forward an offer to acquire Fission Uranium in an "all shares" Plan of Arrangement which, with a Premium via a 1.26 Share Exchange Ratio, results in a merger, plain and simple.
By virtue of being an Acquisition offer, it also sets the stage for other Superior Offers to come forward, a definite advantage over a plain old merger.
Any other method of merging the 2 companies would be even more detrimental to Fission shareholders. If this were a cash takeover offer then Fission would be surrending its assets to Denison for cash and lose all rights to a later sale of Patterson Lake South assets, the worst possible outcome for long term shareholders.
At least?? in this proposed arrangement, where Fission management take over Denison Mines through combining Denison's assets with Fission's to create Denison Energy and displacing Denison's old management team, the shareholders of Fission Energy do not relinquish their ownership rights to Patterson Lake South and Triple R. They will still receive share price appreciation through any takeover of Denison Energy or separate asset sale of PLS to the highest bidder when the time is right.
Whether or not you think that is a good deal is up to you, as you exercise your right to vote on October 14th. This is not a "one vote fits all" situation. Some will hate the deal, some will love the deal, and some will be undecided and just go with the flow. That's the reality.
Good luck with your deliberations.
Cheers!
Quakes since you've began labeling others as "xxx" promoters (NXE in this case), what would you say to someone who calls you a FCU promoter?
1) Is 1.26 a good fair ratio? Does ANYONE other than a DML shareholder or someone who recently acquired their first batch of shares at around 80 cents) think so? If you do think so, my uncle is a psychiatrist (for real) and I can recommend you as a patient.
2) If this were a cash takeover......Well, IT'S NOT! If it were, does anone think we'd accept this outrageous 1.26 ratio? As it stands now, going forward, DML gets FCU for PEANUTS! Yes, it gets a ton of PLS for a bargain basement price. And HOW does that benefit me?
3) At least......Geez, are we now at the point of fabricating justifications that begin with "At least?"
"Well, Uranimom, at least your FCU shares are not as low as MKN (a shell company)." Well, Uranimom, if you hold onto to FCU, one day when uranium prices rebound and PLS is a producing mine,....." Look, when FCU was falling, do you know what I was thinking? I was thinking "At least I don't own DML." And now I am about to be chained to it. I am so angry.
4) Displacing mgmt.? No, Cates will be there, Hochstein will be there. If anything the mgmt salaries will increase as a percentage.
5) Since this deal was announced there has NOT BEEN ONE CENT OF SHARE PRICE APPRECIATION. And, we have absolutely no idea whether they plan to sell Mergeco or keep it long term and make it into a mining company.
So much about this merger is being kept from regular shareholders. This whole process stinks. The fact that no straight answers have been forthcoming should tell us enough. People, do not fall for this nonsense,
VOTE NO! I am surely waiting for the superior offers. Hurry up already.