RE:RE:RE:RE:Luck is not a factor, Hope is not a strategy, Fear is not ..You my friend(quakes) have either been exposed or are dillusional/mentally ill and cant see anything but what you want to see(which I have seen before in penny stocks). Either way it is one of the two and your words hold no value to me. So many compelling arguments from the no side and all the yes side can say is "they are protecting us" "they saw it wasnt working"(paraphrasing). Well, THEY, or more specifically HE was the one chanting $3, chanting we are going to prove up and sell. Why not wait it out?
In my opinion, should the merger be nixed, he needs to be held accountable and pay the price with his job.
quakes99 wrote: Hi Giga... I was only paraphrasing what Dev said in the Conference Call and in the media interviews... FCU was getting no respect... great drill results were'nt moving the needle... and that a new approach was needed in order to generate share price appreciation, especially given the continuing weakness in the U sector. It was Dev saying that the status quo approach of simply relying on great drill results wasn't working.
I guess it all comes down to interpretation... you can see it either which way depending on how you view the evidence.
As to what happened to the high hopes before this deal was announced... you only have to look at what's happened globally in the commodity space to see why everything has changed... and more specifically in the U space to see that the Japan restarts have not yielded the U upside that was predicted, but instead has seen a continuing decline in U sentiment amid falling Energy prices and a drooping Chinese economy that is taking metals and energy related stocks and commodity prices to new lows not seen since 2008.
I've had to temper my views like everyone else. The players that could still be interested in acquiring PLS have more pressing issues to deal with, and there are no signs of an immediate rush to buy Uranium by the Utilities... so acquirers aren't in a hurry to spend big bucks until their risk analysis shows it's the right course of action at this time. Investors are moving away from higher-risk speculative plays in search of capital preservation and security through uncertain economic times... and major corporations are doing the same. Survival seems more important now than anything else... until this commodity rout is done, imho.
Cheers!
Gigantapithic wrote: Sounds like you're in the "yes" vote all of a sudden. While your last paragraph is basically recommending that people just not feel bullied you're suggesting that management took Cameron's "good" advice and "changed" the status quo which you're implying was a bad thing. A status quo isn't always good or bad.
The reciprocal could also be said. Dev and Ross and the rest of management team got scared and went to DML. Fear is not an option and they allowed it to be. The status quo wasn't working?? We didn't have a PEA or an updated resource estimate. There was no opportunity for a status quo. The same for shareholders being in fear of a hostile bid. Fear is not an option, it can be voted down. That’s the biggest point that sticks out at me. If management didn’t want to accept a hostile bid simply vote it down. Have some faith in your asset.
What happened to the Quakes that posted a rumour list about 20 points long. Tons of companies interested, the wagons were being circled. Cameco offered a verbal $990 million. Glencore, Lundin Mining, Teck, Chinese. Didn’t sound like you believed there was a status quo three months ago or two months ago. Don’t be pushed by fear into this merger, don’t let fear that a hostile bid can’t be defeated make you join up with an entity that offers no material benefit to FCU shareholders.
quakes99 wrote: Thanks for the thoughtful post, mesa.
In fact, you have summarized nicely why Ross and Dev and the rest of the Management Team have moved in this direction..
The status quo wasn't working... luck certainly wasn't on the side of FCU's share price...
Hoping that the market would finally recognize the value of PLS was coming to naught...
So a new creative option was needed to attempt to increase shareholder wealth over the long term when the U sector rallies.... overcoming the fear of changing the status quo.
Our Management Team followed Maxim 3 to take on a new direction, in a different way that has certainly been challenging the status quo.... whether they fail or not.
It's also a good message to the Undecided and supporters of the proposed merger. Don't let Fear stand in the way when faced with bullying and abuse for holding your views and opinions. The Undecideds want to hear what you have to say, in spite of the attempts made to silence all reasonable debate on the board.
Always appreciate your posts.
Good luck with your investments!
mesa1 wrote: Luck is not a factor, Hope is not a strategy, Fear is not an option.
All too often creatives and people of all types fall victim to stagnation. Stagnation can often stem from the fear of failure.
Brings to mind a motivational talk that James Cameron gave to NASA in 2004.
Cameron presented 3 slogans:
- Luck is not a factor
- Hope is not a strategy
- Fear is not an option
The first 2 express the need to, “make your own luck by rigorous application of a robust process.”
The third maxim, “Fear is not an option,” means to push on and take the risk that goes with trying something new, different, and challenging. The only way to fail is to actually go out and try something. Imagine what kind of a world it would be if no one wanted to take the risk and take that first step on the Moon (or even take their first steps and learn how to walk).
Now go out and vote! And remember that failure is always an option.
Here’s a transcript of James Cameron’s speech.