2012 DEBENTURES EXCHANGE WHY COMPANY DECIDED AGAINST DEBENTURES FOR STOCK EXCHANGE.
THEY HAVE THIS OPTION TO EXCHANGE AT 95% OF MARKET VALUE
IF THE STOCK HAD A GOOD RUN TO $1 OR HIGHER THEY WOULD EXCHANGE THOSE SHARES NOT DILUTING MUCH COMMON SHARES
CEO SAID LAST MONTH THAT THE WORST CASE SCENARIO, IS JUST TO EXCHANGE DEBENTURES FOR COMMON SHARES. WHY WOULD BE SUCH A RUSH TO SELL MINES AFTER PROFITABLE QUATER?
ANYWAY THE MWS IS HIGHLY PROFITABLE. EZULWINI CAN BE PROFITABLE OR NEUTRAL, OR JUST BE SOLD.
I AM SURPRISED AT DEPARTMENT OF MINERAL RESOURCES POSITION. THEY SHOULD HELP THE ONLY CANADIAN COMPANY IN SOUGH AFRICA TO PROSPER, TO BRING ADDITIONAL CAPITAL TO THE COUNTRY, TO ATTRACT MORE CANADIAN BUSINESSES. ALL THE BANKS AND MUTUAL FUNDS INVESTED IN FIRST URANIUM WILL AVOID SOUTH AFRICAN INVESTMENTS IN THE FUTURE. THE FIU STOCK PERFORMED SO BADLY FALLING FROM $8 TO
.20 AND FEDERATION FOR SUSTAINABLE ENVIRONMENT WRITING THAT FIRST URANIUM PUT PROFIT ABOVE EVERYTHING ELSE. LOSING 98% OF SHAREHOLDERS VALUE IS NOT PUTTING PROFIT ABOVE ALL.
I HOPE SOUTH AFRICAN ATHORITIES WILL UNDERSTAND THAT MAKING THE COMPANY TO SUCCEED WILL BRING MORE AND MORE INVESTMENTS, AND OTHERWISE GIVING A BAD FOOD IN YOUR RESTRAUNT AND THEN ASKING WHY NOBODY COMES TO YOU IS THE OTHER OPTION