RE:RE:NorthernMiner: Fission management talks 2017 drill strategy"Why would Dev even raise the possibility of further dilution?"
Depending on how events play themselves out in the next few years, he may think it would be prudent to have a cash infusion independent of CGN. The idea of selling a larger stake to CGN, and thus losing more control, may not be an acceptable move in the future.
FCU has to be prepared to plan for a life beyond the original 3 year agreement. While we hope to be bought out, no one can say with any certainity at this time if that is a realistic timeline. If the SP reflects strength in a year or two, going to the market might be a wise move. As an aside, I would hope if that scenario plays itself out that FCU would consider a Rights Offering as a carrot for shareholders.