RE:RE:RE:Nothing new in Dev's blog PostTeevee, quit with the scare mongering. We heard you the first time, second time, third time, fourth time...... It's getting quite pathetic. The PEA will tell the story on R780, no one needs your worthless drivel.
teevee wrote: more nonsense. If any company wants to make a superiior bid, they can, and FCU would be obligated to consider it.......however, there won't be a third party bid beause the the R780 zone is most likely not economic. R00E and R600W are going to have to generate some spectacular results, or FCU is headed into the crapper......
quakes99 wrote: That's an easy one. By entering into a Binding Agreement, with signed Support Agreements by major shareholders, it puts the proposed merger in front of the courts, essentially taking away hostile takeover potential as FCU assets are bound into a signed agreement. With a maximum 120-day shareholder approval window as per Plans of Arrangement, it ensures that no other transaction can succeed before the summer drill program has finished and the NI 43-101 Preliminary Economic Assessment has been filed on SEDAR. While this proposed merger is still alive it buys time while the U sector is in a weak period. The 120 day window yields a final date for closing in early November, if either party or the courts end up delaying.
Binding up assets inside an active Plan of Arrangement gives them a layer of protection in this situation, imho.