RE:RE:RE:RE:Justcoastingquakes99 wrote: Well if your pissed that we are being given away then you clearly haven't read the News Release or watched all the media coverage and TV interviews. Nothing is being given away, and you guys just repeating that over and over again isn't going to make anyone believe it.
Selling the most valuable pre-development Uranium asset on the planet to Cameco or some other hostile bidder for anything under $3 a share would be giving it away for next to nothing.. because then it is gone and you can't ever profit from the upside in the market that is coming. Short term gain for a long term loss... now THAT would be a stupid thing to do! :-0
cinema4d wrote:
that most here are pissed that we( FCU ) are being given away for next to nothing!
C
Quakes,
The ONLY way this deal would make sense, is if there were no other possibilities of protecting the company against a hostile takeover. That's it.
Because if this deal would be the only way, a company like Fission would want to merge with another company in which it got as much assets back as possible in exchange for it's PLS project. Since there's no other PLS project on the planet, DML would be their best bet. Some of you have mentioned taking over NexGen. And I like the idea.
However, putting FCU's market cap and NXE's market cap together still wouldn't protect against a low bail hostile bid. Merging DML and FCU however increases market cap by quite a bit. And even better: a company that actually COULD take-out NexGen
after the merger.
So basically 2 questions:
1. Is this the only method in Canada to prevent against a low bail hostile bid?
2. If CA's are signed, wouldn't they exclude a hostile bid already? Or are they afraid they just sign 1 CA with 1 Chinese (state-owned) company and later will get a hostile bid from the other (state-owned) Chinese company?
Stop thinking about your loss or profit to date for a second, and look at this strategically. Then answer my questions. Thanks.