RE:CEO David Cates Interview on BNNquakes99 wrote: Denison CEO did a lengthy interview on BNN Commodities TV this morning, and was very gracious in his acceptance of the merger defeat, imho. Video should be up soon on BNN website. Denison seems to be holding, and up in NY, so investors don't seem to be running for the exits over there (yet).
They say that Rob Chang is coming on BNN sometime after noon Eastern time. I'll be looking forward to hearing what he has to say about this news and the U sector in general.
Cheers!
The unwinding of the arb trade (short DML long FCU) would account for DML not declining (arb short covering - buying)and for FCU is an indication of good demand considering some arb's are likely selling their longs today. What the arb's are doing is never and indication of the long term potential of a stock just a transaction based on the spread of the proposed deal. So considering the arb selling in FCU today we are doing very well. Quakes why don't you comment on the out of control management spending referred to in my post?