RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Thanks Fission ManagementPamplonaTrader wrote: PamplonaTrader wrote: BobbiOre wrote: Gremlin92 wrote: Hi Bobbyore, a quick call to management will confirm they are definitely not interested in FCU merger.
Well I cannot argue if that is what they told you. I do believe though that merging these two companies with NXE management in control would provide and incredibly attractive asset base that would not last long before a larger mining company took a stab at it.
My gut tells me if NXE share price moves up enough this summer. They may very well take a run at FCU.
I will concede that if NXE trades over $2 and FCU trades under $0.70, NXE management would have to strongly consider using its share currency in a hostile takeover. Your suggestion would seem even more likely if the FCU-DML merger were to be voted down by shareholders. We'll see what happens this winter... It would be something to have 120mm lbs in inventory even before the company releases its Maiden estimate of 200m lbs+ next January.
Garrett still has all his FCU (ESO) shares. It would certainly be poetic justice if Garrett's NXE were to consolidate discoveries and to send Dev and his pirates packing. If it happens, score one for the good guys.
At this time, I can't see NXE taking any interest in FCU, however, for discussion purposes only, I would prefer NXE rather than DML to be the aggregator in the basin. Lucas Lundin is just a "financial engineer" who likes to package, re arrange and sell assets (read sophisticated paper hanger), whereas The NXE people have to ability to build a mining team and company and create real shareholder value.
As for FCU, they opened a data room earlier this year. I don't know how many or which companies had a look other than DML, but we do know that to date, there has been no official offers other than the DML merger deal, and no negative comments from investment bankers, brokers and analysts, so I don't expect a competing offer to arise. Perhaps investment bankers and brokers are holding
their noses thinking that Lucas Lundin is a better horse to ride than Dev;-)