RE:RE:RE:good newsWithout exception, all juniors that accepted Chinese investment, eventually had the boards replaced with Chinese control and the stock price fell to just a few pennies, if not outright taken over for pennies on the dollar. FCU will be no exception. First control of the board, and then moth balling the project and keep it as an optionality play for the distant future.
HighROI wrote: It is hard to call the deal bad. FCU gets cash even though PLS will unlikely ever produce a pound of Uranium in our life time. CGN gets an optionality play on FCU shares and optionality on production if the price of U gets way out of hand. You still don't understand the importance of off-takes especially for a future producer like Arrow. You use an off-take agreement as leverage to secure capital to build the mine and mill. Dev failed the first time to sell a strategic stake. Remember he was telling everyone he was going to sell 10% of the company. I bet $100 he had to throw in the off-take to get CGN to bite.