Banca I.F.I.S Spa BNCIF

fcc and csk

[iknolm]

hi, im read up about this upcoming deal and aware of the different opinions and parties involved, what i find hard to get my head around is the value traded by fcc at 0.76cad.... one shouldnt compare companies as a rule but i have shares in katanga mining who produce many hundred of thousands of tonnes of copper and cobalt and are in tthe drc also, theyre valued at .82 cad after refit and coming up fast, but their historical data is low for various reasons.... my concern is that fcc,s pump giving it a higher than it should be worth, is due for a relatively negative downward spiral because its not producing anything !... or am i wrong ?... csk seems to be in need of cash and advancement but this seems to the detriment of its shareholders, at least initially.... am i wrong here also ?.... my question is this, how can fcc uphold its value with nothing but costs in the near future?...... the implications are negative but i wish it were otherwise
csk mill and all activity towards producing an income from that angle is a bonus from all the easily available ore, but what investment is needed to mine more ore?... 
theres a chance that fcc,s value may go up after the halt but if you study katangas size and its investors and cobalt percentage you,ll see my concernes more essily
i have some csk shares and wonder if its worth buying many more to make a profit after the halt.... sorry to mention another company on the forum here but its a worthwhile yardstick to measure against, 
please respond with unbiased opinions/observations for this newbi
cheers from sweden

[17Digger]

You are right to worry about hte value of FCC shares if the CSK merger goes through. FCC is halted but the CSK shares trading now will buy .265 of a FCC share, or 4 CSK buy you about one FCC making it worth about 55 cents. As for the CO1 shares merging with FCC they are also trading lower already, and may fall further now. Their ratio is one CO1 share gets .145 of an FCC share, or about 7 CO1

[iknolm]

yo cheers digger, sounds like i got it right just about, thanks for your input, this whole scenario seems to be based on a lack of cash from csk side... any buisness with enough cash would be stepping forwards with the mill and showing some sort of income accordingly, we all know how difficult it is in the world of buisness, financing and costs right.... this guy from csk is selling us out cheaply