RE:RE:RE:RE:The NXE team of Leigh told me that he was constantly being barraged with phone calls from FCU shareholders suggesting a merger. He also told me that his responsibility was to NXE shareholders and that his job was not to bail out FCU shareholders. He confirmed what you, HighROI, Doug Beattie and anyone else with any sense has been saying -- that there are no synergies. Best ignore the idiots like Sudzie, who has been attempting to reinvent TripleR into an underground mine after spending the better part of the last 2 years touting the virtues of open-pit mines. Senelity does awful things to idle minds.
teevee wrote: Sudzie,
How does a merger lower the develoment cost of open pit mining PLS or developing Arrow? Answer is that it doesn't. There is no perceivable benefit to NXE to merge with FCU, especially when NXE has a stand alone deposit,other than
IF PLS development was separately financed at the same time as Arrow, allowing for potential synergies on building a larger mill, otherwise, what possible synergies could there be? The best strategy for NXE would be to develop Arrow which would likely leave PLS as a stranded resource for a decade or longer.
sudzie191 wrote: I don't have to admit anything, every analysts since last January, and including the RPA report says FCU is not economic at current prices.
They will also say that about NXE, actually Haywood has already indicated so.
Therefore to improve the economics of both, a merger is the best thing to do. If you want to sell your shares when the merger occurs to make the combined deposits economical at a much lower uranium price than $65/lb, by all means do so.
Lots of folks will buy them. HighROI wrote: Sudzie, So are you admitting FCU is not economically feasible without NXE? Unfortunately the opposite is not true as you will discover in due time. I will be the first to sell my NXE shares if a merger is ever entertained by NXE management.