RE:Biding his time?Corporate history indicates that Dev loves doing spin outs. That way, he gets to stay on with salary, expense account, stock options and other benefits. No doubt he believes that if and when the uranium market improves, it will lift all boats, but that is not necessarily so as market participants are now much more aware of the purported value of Denison's assets and the uranium business cycle in general. Regarding PLS, I believe significant risks remain concerning the outcome of further studies as recommended in the PEA, and final economics, especially in light of the lake issues, and environmental permiting surrounding those issues, however, I do believe there is more exploration upside, both at 600W and "up ice" from the head of the boulder train. Other than a little cash flow from the McLean lake mill which is handling cigar lake concentrates, Denison must rely on continuing equity issuances to stay afloat, even if ongoing exploration programs are cut to the bone just to maintain land positions and cover G & A, which I expect will remain high. I expect that regardless of the vote outcome, the share price will drift lower, to the dissapointment of many steadfast FCU shareholders.
Realstone wrote: Just a thought to ponder. Could Dev and the board be patiently waiting and stalling? The U market is weak and the spot price is low; supply currently outpaces demand. But we all know this, and we all know that market forces will in the mid to long term force the price of U3O8 upward
(read here).
We also know that Dev is no fool and that it is in his and our best interests to sell out at the maximum price which means timing the market.
No one in his right mind would accept the DML merger, unless you are a Dennison stakeholder. IMO, this is nothing but a red herring; a meaningful time waster to keep the shareholders and 'experts' busy until the demand and price rises to an acceptable level. Again, IMO, this is when Mr Randahwa will pull the trigger.
FWIW, I
am a shareholder since the early days
I am a NO voter.