THe danger of voting NO
If no alternative off before the vote and the result is no...............potentially here is what happens. A further share price drop.......... Why? FCU will be finishing their summer drilling program and all the good news or rumours thereof will have been fed into the convincing folks to vote yes. So if no, summer drilling program is over and no more drilling until the winter, and perhaps not even then. Why? FCU will have used up considerable treasury for summer drilling program, the PEA, and in the process of all the preparations for the merger, so perhaps not enough money left for a meaningful winter drilling program. And with the depressed share price perhaps even more so after the no vote, management likely won't go to the markets for more drilling money, but just sit on the situation until the uranium market improves considerable, 1 year, perhaps 2. And if no white knight comes along to buy FCU at these low prices, you can bet your little ducky with confidence that no white knight is coming the day after the No vote or any time soon after. I could see the No vote resulting in a share price drop of FCU much lower. On the other hand a Yes vote gets FCU into the larger picture of expanding resources within the larger company, which is in the midst of the very strong local developments on the east side of the basin and with a share in the hi grade mill. It also sets up the situation for RIO to go after the merged company because of the DML's 22% share of the mill, and Caneco countering that with their own higher offer. RIO won't likely take a run at FCU before the merger, because that doesn't include the mill deal, but diverts them to the west side, and would require them to do a separate run at DML to get access to the mill. So No voting is like voting for a potential further financial loss for your current shares, without much hope of recovery for perhaps a long time. Anyone suggesting a share price rebound after the No vote wins, is whistling gypsy I think. Not trying to convince anyone what to do, how to vote, just pointing out what I think is obvious risks.