Re Re Giz62I hold shares in the 6 figures so have a lot of skin in the stock. I am opinion FCU management is better than NXE or DML and I would have preferred to see them make a deal with Cameco. However DML has a lot of good assets and should not be trading at under a dollar but neither should FCU.
The share consolidation and improving uranium market should result in a bright future for the new company. Stock price if the deal closes ,should be over $2.00 and should help slow the traders sucking gains on news releases ,as volumes will be higher and harder to influence the stock price.
I don't like this deal as well , but I am not blaming FCU management for the stock price. They have produced results unmatched and I share their frustration with the stock price movement.
We may end up with more money from this deal as the package will be very attractive in an improving market. If it takes another 2 years and more drilling , I can wait.