RE:RE:Tax Loss Selling StrategyWell said BS. I'm personally sick and tired of management burning through our treasury with all these lavish trips to all corners of the globe - without a doubt it's only first class all the way and 5* hotels for this crew.
All this just to hand 50% of RRR to Lundin for less than $2/lb. It really is quite a joke when you think about it
And just a few km to the northeast, we have Nexgen putting $8 into the ground for every $1 of G&A.
Oh how interesting it would be to see how the high rollers at FCU compare with their capital allocation. I plan on asking them this exact question next week. I doubt they even have a number for me.
bluesteele wrote: Now we have Quakes advising when you should hold and why you shouldn't sell your shares. This can only mean one thing... Either Quakes is worried he will not get his paycheck from his handlers if the SP drops any lower or he has some intel that the No vote is succeeding which in turn may not allow him and his handlers the sell opportunity they want if things get a little rough for a while.
My advice to you is to consider the opposite to what Quakes proposes, it's clear his interests are misaligned with management. If this merger is voted down it's imperative the shareholders show Dev the door! This man is responsible for the demise of Fission with his reckless spending on a multi continental wide promotional tour spanning several years and his attempt to hand the PLS to Lucas Lundin on a silver platter in my humble opinion.
Dev's whole marijuana stint, his giving FUU 3.0 million in cash to keep the company solvent and his questionable past involving his tenure as a stock broker where he was fined by the BCSC for some type of wrong doing using funds for promotional tours seems to all indicate he is not someone that can not be trusted as a CEO in my humble opinion.
It's clear this sell out of Fission to Lucas Lundin's Denison was only going to be for the benefit of FCU's management and the insiders. This was further evidenced by the Dev and Ros's million dollar bonuses to take up their new positions and the $40k bonuses for the rest of the lap dogs. Dev's explanation was ridiculous and amounted to a mumbo jumbo of words that amounted to his admiration for Lucas Lundin.... what?