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Boy, is he out to lunch. The share price has tanked because shareholders have been fleeced by poor management with incessant pumping and really don't care anymore at this point.
mangoe wrote: John Quakes @quakes99 - Fission #Uranium $FCU $FCUUF appears to have found a pathway to obtaining the required 66.7% shareholder approval of Paladin $PDN's takeover offer. BC Supreme Court has granted holders of all 73.7M outstanding Fission options to exercise their options (at a cost of C$64M?) into 73.7M voting shares (about 8.8% of issued shares) that will be allowed to vote on the offer at the shareholder meeting on Monday, September 9th. Fission shares have been driven down to C.74 on expectations that the deal would fail, trading at a -11% discount to the current offer price of C.82 based on Paladin's Friday close at A$8.33. $FCU shares could pop on Monday if the deal ends up receiving sufficient votes to pass, as Fission management now expect will happen with the court teed up for a 12 September closing. Interesting turn of events.
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