Gigantapithic wrote: You do realize that a huge amount of posters on this board don't have the capacity to understand what just happened right? How many times has someone asked the most basic question after saying they were a shareholder?
First post: "I bought shares of fission, what's it worth" or "I own the company, are they going to be taken over" or “when does drilling start” or “I heard the deposit is under a lake but easy to mine, by the way I own shares” or "what I'm about to ask makes no sense given I claim I'm invested in this company" . . . .
So of course they're not going to understand that it's not a sale. Look at all the people wanting a Cameco bid at 15 cents higher, which makes ZERO sense. They don't understand. That said, it's still a bad deal when we all were here for exposure to PLS and PLS alone.
On top of that, this is evidence that your entire "rumour" list was 1. Either complete garbage or 2. Dev is a bigger snake than he's looking right now.
1. If any of those rumours had any validity this deal is the most awful deal around.
2. Assuming they did have any validity, Dev just ripped us all off by dumbing us down with Denison instead of holding out which means he’s in it for the job and not shareholders.
Although there's one remaining item that could salvage your list and that would be other offers. But I fail to see anything materializing. If nothing materializes you should take this as a lesson. All these complicated scenarios and partners and New Athabasca Zone are all pie in the sky dreams. The share price was suffering and it was obvious why, there interest wasn’t there, it had nothing to do with your belief that only 5% of the shares were trading and everyone else had accumulated and was holding on waiting for this buyout. There was no entity waiting for the PEA that had to show 150 million, there was no tech and other company about to make a bid, there was no . . . . And on.
I will admit I was wrong about the DML finale. Didn’t see that one coming because the only way it could happen is being a bad deal, which here we are. I also think the Lundin 9.9% ownership is unlikely, he really just increased the value of his DML holdings by blending FCU in with them, so no need to buy 9.9% but I remain open to being proven wrong when we’re showing how big of an insider he is.
Looking for another offer to come in because I’m voting no on this one!
quakes99 wrote: Circus is right. The board is overrun with misinformation trying to portray this deal as a sale and paving the way for a lowball bid by CCO. That seems to be the agenda of the bashers who are focussed on short term profit.
For a counter-offer to be equivalent to what the merger provides would require a much bigger offer than the lowball numbers they are throwing around. As Dev said several times in the presentation, this is a protection strategy that buys time by putting Triple R under protection against a hostile lowball bid until the U market recovers and we shareholders can get maximum value.
Actually selling Fission would be the biggest mistake right now, as you would throw away ALL the upside yet to come. Short term small gain for long term major loss.
I'm still not sold on the deal but it's a helluva lot better than a lowball sale of our Triple R assets. In this merger we get to continue to own Triple R and benefit from the eventual upside when the U market rebounds. If we give it away for a small profit then we lose all of that potential and are just throwing it all away.
I'll work on my notes...
Cheers!