First Uranium Corporation T.FIU

WTF IS GOING ON???

[Lordie]

A 3 MONTH DELAY IN URANIUM???

First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or "the Company") today announced that it has temporarily closed its Ezulwini Uranium plant to replace two columns in the Ion Exchange section, following a structural failure on a loading column. The plant will be closed while two columns are designed, manufactured, installed and commissioned. The work is expected to be complete by year end

 

During August 2010, the Ezulwini Mine closed its uranium plant to replace two columns in the Ion Exchange section, following a structural failure on a loading column. The two columns are being manufactured, with installation and commissioning expected to be completed in Q4 2011

[roger85]

Source?

[Lordie]

FIU NR on Aug 31 and Nov 15.Fuming that Prouditalian would stiff people for there money. Show us where you sold your shares when you were pumping.SCUM. The next 2 financials will be worse they won't have  made or sold uranium or made uranium in 6 months.

[shiftman]

be back up and running in Dec. They producing uranium at MWS site. old news. u stocks down tody markets down also.

[Lordie]

ITS NOT OLD NEWS SHIFTMAN IT WAS BERIED IN TODAYS NEWS RELEASE.

[Toroutlaw]

Lordie, you don't understand that they do not make money from uranium so that is not relevant, gold is the primary source of revenue, uranium will come online whenever everything is completed and ready 

[bottomfeeder7]

 I am surprised nobody else noticed. They most certainly lead everyone to believe,including myself, that the uranium plant would be running in a few months. Anyway, I am out because of the misleading statements of the company and I also now feel there is a considerable downside risk from here. GLTA if I turn out to be wrong.

[Northernlight5]

I do not know where do you find misleading information. Every investors knows that they have shaft problem, that is being manufactured now. Once the shaft will be back to work, production will resume. Today's report was not unexpected to all of us. The company has made a lot of progress since the last management gone. Remember, this company mining Gold and Uranium and it has a lot of resources

[Lordie]

THERE IS NO MISLEADING INFORMATION. DON'T YOU KNOW THE DIFFERENCE BETWEEN BEING FINISHED AT THE END OF THE YEAR AND Q4.THATS A 3 MONTH DELAY. THE CHANGE IS RIGHT IN THERE NEWS RELEASES.AND DON'T TRY TO TELL ME THAT THERE IS NOT A LOSS BY NOT MAKING URANIUM.WHERE DID PROUDITALIAN DISAPPEAR TO AFTER PUMPING THIS FIU STOCK.

[Northernlight5]

I do not like to argue with you about the information. It depends on how individual read it. I think, new management is in right path and SP will go up gradually. Only day traders exchanging their money from one pocket to another now, smart investors are accumulating. This share will go up.........and up. Just wait and see.

[bottomfeeder7]

First Uranium Temporarily Closes Ezulwini Uranium Plant for Column ReplacementTuesday, August 31, 2010TORONTO and JOHANNESBURG, Aug. 31 /CNW/ - First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or "the Company") today announced that it has temporarily closed its Ezulwini Uranium plant to replace two columns in the Ion Exchange section, following

[idunnobut]

"During August 2010, the Ezulwini mine closed its uranium plant to replace two columns in the Ion Exchange section, following a structural failure on a loading column. The two columns are being manufactured, with installation and commissioning expected to be completed in Q4 2011. The cost of the two failed columns that have to be replaced has been written off and expensed in Q2 2011."Q2

[cdnhutch]

No it is NOT at least a year away. FIU currently reported results ending Q2 2011 (September 2010), therefore Q4 2011 is the period ended March 31, 2011. You are 9 months ahead of yourself.Also at the end of the Year could be interpreted as the end of Q4 2011 which as stated above is March 31, 2011.