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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by colt451on Sep 21, 2011 2:29pm
193 Views
Post# 19067466

RE: RE: take over

RE: RE: take overI've thought about this Leftmike...I would expect a bid to be made over 0.60, and under 1.10. My reasoning for this is simply no bid would come in under Anglo's entry point, or over the financing that occurred around a buck given the current economic market. BUT FIU would never accept a bid under 1.00 if they were expecting to be profitable in February, so if this a realistic possibility then a bid would be expected to be closer to 1.20-1.40. Either way, FIU will not accept a bid unless they are in financial straights, I believe that Anglo would step in at that point though or FN...so, looks like were long till Feb.
Colt 
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