RE:RE:RE:Ross McElroy Interview at Sprott-Stansberry Conferencequakes99 wrote: See what I mean? One of the biggest NexGen promoters selectively pulls out one line and leaves out the following one where Ross says "on paper we look at it as a merger of equals".
This constant barrage of misinformation does nothing to change the situation... Denison Mines has put forward an offer to acquire Fission Uranium in an "all shares" Plan of Arrangement which, with a Premium via a 1.26 Share Exchange Ratio, results in a merger, plain and simple.
By virtue of being an Acquisition offer, it also sets the stage for other Superior Offers to come forward, a definite advantage over a plain old merger.
Any other method of merging the 2 companies would be even more detrimental to Fission shareholders. If this were a cash takeover offer then Fission would be surrending its assets to Denison for cash and lose all rights to a later sale of Patterson Lake South assets, the worst possible outcome for long term shareholders.
At least in this proposed arrangement, where Fission management take over Denison Mines through combining Denison's assets with Fission's to create Denison Energy and displacing Denison's old management team, the shareholders of Fission Energy do not relinquish their ownership rights to Patterson Lake South and Triple R. They will still receive share price appreciation through any takeover of Denison Energy or separate asset sale of PLS to the highest bidder when the time is right.
Whether or not you think that is a good deal is up to you, as you exercise your right to vote on October 14th. This is not a "one vote fits all" situation. Some will hate the deal, some will love the deal, and some will be undecided and just go with the flow. That's the reality.
Good luck with your deliberations.
Cheers!
Quakes since you've began labeling others as "xxx" promoters (NXE in this case), what would you say to someone who calls you a FCU promoter?