Within Two WeeksFirst Uranium will see the biggest short covering rally in its history.
That's what started 2 weeks ago when it popped to $1.41. One half of the shorts covered their positions. Still the other half to go. They have two weeks or less ....mark my words.
Does anyone really believe this company will fail now? RBC dumps in $90 mil. Gold Wheaton tosses aside $20 mil.
S&J donates $40 mil. This cash is not peanuts and these are people in the know. They expect to make a profit.
The past 2 news releases definitely affected the SP ...but, they were so bad, FIU is in the position to over-deliver.
Strategy.
I believe the SP is being held until the financing resolves the conditions on or prior to April 30. How would it look to the investment community if FIU was at $2.25 and financing was handed to those in the know for $1.30??
I don't have a crystal ball , just an opinion......I have seen this pattern before with Nova Chemicals, Colossus Minerals and others.
It could be a 50% or a $100% increase or more...soon, who knows, but, I do believe there will be a significant increase....sooner than later.