RE:RE:RE:RE:Negative Bashers have hurt Mom & Pop investors in FCUAgreed. Moneyworth's post summarized my feelings then and now - and were why I voted no. Don't mind DML, thought the ratio was 2 low as it didn't give enough for what I did and still do consider a higher upside on FCU's side. I kept throwing around a 1.5 DML shares per FCU as my "yes" vote threshold. I had invested in a less diversified, "hot" 'explorer for a reason....
That being said, some of the ridiculous claims by the bashers against the merger were bonkers, such as DML's partial ownership and income from the mill in the Eastern side of basin having little or no value - stuff like that was hard to read and showed a lot of true colours of many posters on this site. Also, hypocritically man of the bashers against a merger talked indicated being much more valuable than inferred, but that got quiet real quick, lol.....
I voted no at the time. Just because during a few month since that vote, DML has moved more than FCU, does't mean that was or wasn't the right vote - especially with my investment goal - but a few more years' time will provide a better idea. right now I couldn't say one way or another if it would have been right way or not. Sure, if my goal was to sell in April 2016, then I would be financially more ahead at 1.26 times DML's current share price. But I didn't invest in FCU to sell in April 2016. As Moneyworth said, this summers drill program could be a nice expander of the resource, as well as provide some new exploration potential.....
Diversified meant less risk, and other synergies, going alone meant higher volatility and upside potential concentrated in one play - which is what I bought for in the first place. So far, in terms of what FCU is finding in the ground I am not disappointed. Yes, I think the share price is undervalued. Historically that meant that the stock was a superb value "BUY" and not that the stock is a dud or that management sucks, lol (you will hear that over and over and over on this board).
i sincerly hope we weathered the "perfect storm" for the most part.
short term, we have some options coming to maturity, and the .85 buy in by CGN which might cap share price for a bit......
I am really curious to hear the drill plan/timing for this 'summer'