RE:RE:RE:Fridays House Positions for C:FCU from 20150206 to 20150206PamplonaTrader wrote: Dev has tons of leverage.
Potential suitors can balk all they want at Dev's price of >$3.00. FCU is cashed up and can dictate their own terms... no need to rush into a deal.
FCU is aggressively drilling out Forrest Lake to force a premium. Even if no discovery is made... FCU is in a position to fend off hostiles by merging with their neighbors. Many options here.... FCU will not get taken out for cheap.
I've gotta say, Dev is one slick CEO.
Separating FCU and FUU was a brilliant idea.
On one hand, merging the two would deter (dilute out) a hostile.
But even if there wasn't a hostile takeover, he is generating interest in FUU by talking one up. Unlocking value for shareholders one way or another.