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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by prouditalianon Jul 04, 2011 9:23am
135 Views
Post# 18792254

RE: RE: RE: any result on gold wheaton test ?

RE: RE: RE: any result on gold wheaton test ?unless you are working for FIU, which I doubt, you have NO CLUE how the completion test is going. We have approximate May production figures in the presentation and nothing on June. For all we know, June could have failed or passed.
Short term this is due for a pop. Mid to longterm, it may go to .20 or be at 2.00.
They  will run out of money if the completion test fails with the penalties due to Franco Nevada.
On the other hand if the completion test passes by August we should be back at 1.00.  Heads or tails anyone??
As for EZ, the pattern is not good and management is failing big time.  As I stated it should have been shut down 1 year ago. I dont believe the team can turn it around based on what I have seen. April was horrendous, May was not good and still losing money. June, who knows?
I will state again, that they should simply sell the assets to the highest bidder. For EZ we would likely get 0- 100 mil at most. MWS we wwould get 500 mil-700 mil. Do the math and anyone buying here doubles. To the bagholders I say, tough luck!
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