fiu share price dropon the same day Home depot dropped over a 1.00 a share, as traders move out of equities into bonds and cash
last week Wi lan surged to 7.30 share on good news of settling patent disputes out of court. then the stock price dropped to 5.95 after news they were raising funds.
fiu need some more money to complete repairs and pay for the current construction contracts.
they also require an acid leach plant at some point to get the most out of production.
they will need to raise funds funds for this in all probability.
so most find this a mystery but is it not poor business practice for a company to raise insiders pay when the company is short of cash.
anyway we move forward with construction near completion of three gold plants and two uranium mills, and a monster tailings pond.
it is fraustrating that this company failis to ever get things right, or never tells investors the whole story and consequently are penalized by the markets again again.