Uranimom wrote: Hmm, his comments below make him untrustworthy. For quite some time I have always been willing to give Dev the benefit of the doubt, but no longer. There doesn't seem to be any other explanation other than he is acting in his own self interest, though I really hope to be proven wrong.
Fission chief executive Dev Randhawa said he appreciates that retail investors would prefer a monster takeover offer from Cameco or Areva to this smaller deal with Denison. But he thinks they are ignoring one simple fact: there is no such deal out there.
Most of the big uranium deals of the past decade turned out to be disasters for the buyers. And in this depressed market, which is still reeling from the Fukushima nuclear disaster in 2011, Randhawa said no buyer wants to repeat that mistake.
“If there was a sweetheart deal out there, we would have done it,” he said. “But there isn’t, because we’re paying for the sins of the previous deals in our industry.”
So this means we should take a terrible low-ball offer (not even retaining 51% interest and giving KEPCO the first right of any Mergeco) because there is no offer now? Poor grade school rationale, sir! And disingenuous much! The kid who waits before eating the cookie grows up to be the better child. That is, unless you are getting your fantastic salary and a 1.2 million bonus in shares (i.e., all the cookies you can ever eat). He conveniently omits that the arrangement with DML started a long time ago, when he was globetrotting.