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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by prouditalianon Feb 18, 2012 1:54am
274 Views
Post# 19553343

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE

Chilly, unlike the previous poster I bought the 2012 notes, he had the 2011 debs. Mine pay 7% and I am up 10% on them altready. In an asset sale, I get 1st dibs and since my notes are for a total of 150 mil, I will get 100% of the nominal value, so a gain of about 50% from where I bought, plus I get a 7% interest coupon.

If company goes bankrupt, they jsut need to sell assets for more than 150 mil for me to get it all. Pretty great deal for me and holders I would say.

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