RE: RE: RE: Good or not good?I would seriously tend to disagree there.
1) S&J still own 37% of FIU after they disolve their rights. You think they would simply let FIU fail, they are the largest shareholder in the company so ifthey can assist in teh water permit, I'm sure they will be there front and center.
2) Fisilago (sp) are heavily involved also. I doubt they would want to see this fail.
3) The talk of a total merger between Fiu and S&J is stronger now than it was last year. Another reason not to bail on this company.
All S&J are doing in my humble opinion is trying to get that debt off their own books so that they can acquire debt should they wish to down the road. Basically they are selling off a debt they are owed by FIU but that they also have a share in. Making shares available to the SA exchange is a rather novel idea I think.
Regardless if how they do it, this will still all come down to the financials of FIU and going forward how they are perceived in the markets. Right now they are a pariah ..