RE:RE:FCU is being railroaded.....an example from recent history sounds20 wrote: Your speculation about the institutional pressure being brought to bear against Dev does not sound likely to me. Dev's position, within FCU at least, is very strong last I checked. I totally agree with you about Dev, the board, and knives, however. How could Dev, after the earlier cancelled Waterbury nuptial, rush into this seeming boneheaded move before digging much, much more. Absoluttely, this resembles Lundin's reverse takeover attempt at HudBay all over again.
https://www.northernminer.com/news/hudbay-lundin-merger-draws-fire/1000227294/?&er=NA
If Dev's position is so strong, and exploration going so well, then why would he and the FCU board agree to a merger with DML? Why wouldn't investment bankers/brokers who underwrote FCU (and at higher prices) state their displeasure with this deal? THE only reason why the investment bankers and brokers are quiet can be because they own lots of DML and are off side, knowing that Paterson Lake will at least stop the DML decline, and more likely enhance DML's valuation. One thing we can be sure of is when a $billion asset is at stake, market players will be playing hardball, and at minority retail shareholders' expense. If Dev and the board was threatened with calling a special meeting to change the FCU board and control, he would likely worry about the stock selling off on such an announcement, and losing credibility when faced with the prospect of being tossed off the board. I suppose whether such a theat has occured, is moot because Dev has already thrown in the towel by signing a binding letter agreement, regardless of this season's drill results etc.....