Fury Gold Mines Ltd T.FURY

Gotta be a reason

[MaterialsMan]

For FURY to go up 20% in one session obviously would create some speculation as to what might be happening.
The volume on the U.S. side was way over normal.
Some conversation from another site suggests that rumors of Hecla taking out FURY in order to obtain the Dolly shares would probably be a good reason for the significant increase.
A good performance on high volume come Monday would substantiate that something is definitely up.
And, I hope that what's up is the SP of FURY.

[arh0070]

It would in fact be a smart move by Hecla.They have in the past tried to take over Dolly but were rejected.If they took over Fury it would give them effective control with about 33% of the shares of Dolly (thier existing 10% plus 23% from fury).They could then spin off Furies gold exploration in Quebec to help pay for the takeover.

[goldpolka]

Agreed. In fact, Hecla (after its latest investment in DV) now owns 15.6% of Dolly Varden, so combined with Fury 22% (after dillution from Hecla investment, down from 23%) would own a combined 37.6% of DV. Agreed they could spin off, or probably sell to another player, the remaining FURY assets, although they also could just keep them for future prospects. It makes total sense ... but wonder

[drslump]

Hi , (sorry for my EN ) ok - but why buy whole Fury ? thay can only buy these 22% shares from Fury for let say 2 or3 bucks. ? what is the point ?

[GoldenOrb]

      If that is so, $2 to $3 for our Dolly shares, you posted & I agree.  I would be very concerned as to what Tim Clark would be tempted to do with the treasury windfall?  Tie us up in another "to be determined" after years >>> "perspective" project?  Although Clark bought us time/treasury/drill results (selling cut rate Dolly

[hallidas1]

Tim Clark did indicate that they were looking to partner up with someone to help explore CB. Could this be a way for Hecla to swoop in to get get 30-40% of Fury for X$ (netting them another 15-20M of DV). I would think this would be a relatively low cost way to secure more DV shares for Hecla.....Thoughts?

[goldpolka]

I would think it would be a bit of a long play for Hecla to take control of DV via minority position in FURY.   In my opinion only, I would think they would either  a) outright accumulate a position in FURY to make a takeover of FURY,  b) make a direct takeover offer for DV; I obviously could be wrong, but Hecla seems interest in DV only ... In the a) scenario, obviously