Seen This Story BeforeLundin tried to take under Fission last fall. Lundin and management of Fission had common interests ($$$ and keeping jobs) and the shareholder was not one of them. Shareholders were able to vote down the amalgamation (takeunder) but Fission did the same thing as TV by involving another large shareholder that also took the takeover possibility off the table. I doubt shareholders are going to be able to change what Glencore and TV management propose to put into place. Very disappointed that the more immediate potential upside has now been taken away from shareholders.
Time for all to assess the potential upside and assumed risks of this arangement and macro level risks. This is not the animal that I originally bought so I will be moving on for now. On a macro level, I am concerned with global growth and various black swans and any one of them would not be friendly to what appears to now be a riskier entity that's rolling the dice on zinc prices. I expect the broader markets to correct in or around April and by at least 6-8%. could be more. I will wait till that correction to reassess where zinc prices look to be going and whether I get back into TV again. In the meantime, hope it only goes north for all. Too many "if's" for my liking right now.