TSXV:FCO.H - Post by User
Comment by
AyuFanon Nov 01, 2018 10:57am
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Post# 28907868
RE:RE:Hey Farm!!!
RE:RE:Hey Farm!!!farm and unklal,
why do you two think it is the arensic removal contract that's holding up the OFS? it's a possibility.. that's for sure, but it could be something else right?
Further, Dundee capital would have the upper hand in the negotiation IMO. They own majority of the shares in DST around 10% of ECS to control decision and appears to be the only company that can do arensic removal. ECS is the only company to DST that will utilize their facility in the near-term.
While you could argue DST need to have a permanent customer in the near future, but ECS can only use DST since DST have the formula to remove arenic.
DST can play hard ball and push for a favorable term to DST as ECS' shareholders stand to suffers more from further delay in OFS while DST doesn't suffer as much from delay in obtaining a contract since they got alot other customers they will have in the future. if they can get a good term for DST.. Dundee would earn alot more from their 85% ownership in DST than 10% of ECS.. either way.. Dundee would gain on both investments, but it's the amount of actual gain.
It would be smart for ECS to approach multiple parties to do arensic removal in the first place.. but the keyword is "smart" .
Lastly, if and only if the New CEO's word can be trusted... final stretch means signing the contract with DST then incorporating the numbers to OFS. or final stretch means alot other things. this is a big IF... basically all adjectives and adverbs in PR reports are to be ignored as they do not mean.