RE:can we get a recount on the merger voteGiveMeSomeRoom wrote: In my opinion it's really beginning to look like the merger was a hail mary to save both companies from the hell storm these resource names are facing, the fact that they are all at such lows with the overall market doing pretty well is extremely scary ! What happens to them when the overall market crashes again ? The bottom line is fcu needs help I don't believe they can last long on their own without destroying the share structure. Ask yourself what happens if the uranium/resource market stays dead for four more years ? How do they raise cash ? do they just keep drilling ? all in my opinion but the future is very uncertain from here. Seems just a short while ago that this was everyones darling and a no-brainer
The price hasn't gone up on results for over a year. Yet, the company spends roughly $4mm a month on exploration + G&A. How badly is it gonna hurt to raise another $50mm to fully fund 2016? Will they finance at $0.50? At $0.30? Raising $50mm at $0.30 would dilute current shareholders by more than 40%!!!
OUCH!