RE:Further News Release(s) Likely...quakes99 wrote: I'm definitely in the camp that believes that Tuesday's meeting is designed as a prearranged shareholder event to coincide with some other news that has yet to be announced. As it stands it has none of the draws for a media event, and would only reach a tiny percentage of shareholders without some other attention-getting device in play. There HAS to be more to it, imho.
But I also agree with Giga that Dev would not be able to buy in the open market if he was aware of details surrounding what might be announced and/or the content of any report that might be coming.
So, in my mind, that leaves just a few possibilities:
1. Denison is evaluating the voting results and plan to announce an amended "higher" offer to shareholders, and a subsequent delay in the vote by a week or two. (Trick or Treat?)
2. Denison is going to release an NI 43-101 Maiden Resource Estimate for Gryphon.
3. An unsolicited offer was received by Fission, was evaluated and deemed NOT Superior, and subsequently rejected. The party making the offer informed Fission that they would be announcing a Hostile Bid to Fission shareholders as soon as possible.
4. Another party such as China Nuclear has put an offer to Denison Mines, subject to Fission and Denison shareholder approval for the proposed merger, to acquire or enter into a JV with Denison post-merger.
In my view, each of those could be possible in the current situation. The Hostile Bid possibility is particulary interesting because, under Canada's M&A laws, putting forward a Hostile Bid now would not directly affect the current votes set for October 14th, as there are 35 days in which the Target (Fission) shareholders have to tender their shares to a hostile offer. In essence then, a hostile bidder could say to Fission shareholders "if you reject the proposed merger then here is the offer you will be asked to accept in early November". If Fission shareholders voted to approve the merger then the hostile offer would die.
If I were a betting man, I would say that a News Release is coming at the close today, which would give shareholders the weekend and Monday to digest the information prior to Tuesday's meeting. That would also support the choice of Tuesday for the meeting date, as Monday would have provided little time to process the info.
What does seem certain is that there will be another batch of Assays released very soon, as we are due for more to be announced. We are still waiting on results for over 20 holes so no PEA update for PLS is possible. However, there are a couple of very high grade holes at R600W that will be in the next batch of assays, so they could have some impact too.
Less than 2 weeks now before the vote... crunch time!
Seems like the ideal time for some new and exciting prospect to be thrown into the mix. ;-)
Stay long and prosper!
(And make sure you are holding FCU shares at the end of the day, imho ;-)
Stay long and prosper huh... I wonder when that's gonna become reality, because so far you've been sweettalking people's investments down by around 50%. I don't hold you responsible, but this fluffy post you just published is incredibly naieve. Perhaps they just organize a meeting, trying to convince as much people as they can about the merger. And maybe that's it. Don't think Dev suddenly has hidden thoughts or agenda's when he clearly is acting like a irresponsible idiot.
Disclaimer: I'm not saying Dev IS an idiot, just saying he's acting like one in my honest opinion. This is called freedom of speech, in case the self-proclaimed SH / FCU police tries to scare me with lawsuits.