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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Post by colt451on Mar 06, 2012 11:31pm
374 Views
Post# 19636638

Finally share price info!

Finally share price info!

This is the best indicator I have found so far of actual share price, I'm quite proud of finding it actually, though I cant figure out what it means...

https://www.miningmx.com/news/markets/Village-bags-R413m-special-dividend%20likely.htm

First Uranium also said that once approvals had been won for the sale of MWS and the sale of its Ezulwini shaft for $70m (R530m) to Gold One International, the company’s cash and remaining assets would be distributed to shareholders. As Village owns 5.7% of First Uranium, a further $20m in shares would be paid to it.

Now I admit, I am confused by this assertion...because this makes no sense, but given that this is direct from Village I am incredibly optimistic all of a sudden.

So 5.7% of FIU is 13 556 739, if 13 556 739 is worth 20 mil then we can infer that the expected price/share as calculated by village will be...exactly, it makes no sense, perhaps someone else can help me figure it out, I'm going to dig through and see if I can find another transcript to validate what their talking about.

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