Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

First Uranium Corporation T.FIU



TSX:FIU - Post by User

Post by colt451on Mar 07, 2012 10:13am
364 Views
Post# 19637744

0.19 cents/share confirmed by Village

0.19 cents/share confirmed by Village

This is the best indicator I have found so far of actual share price

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.

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...If anyone is interested in the exact math it's 20 000 000 / 0.13 (rand to dollar conversion) = 2 600 000, 2 600 000/13 556 739 = 0.19/share

So if you were expecting 0.26/share there you go.

https://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=146685&sn=Detail&pid=102055

The announcement by FIU indicates that it is the intention of FIU to repay the MWS Notes in full from the proceeds of the disposal. The stated completion date is the end of June 2012 and at that time Village will receive some R393 million in lieu of the MWS Notes and a further approximate R20m for its remaining FIU shares.

That should be the end to any speculation. Checked and verified. It is expected that 13,556,739 shares will net 20mil rand which = 2.61968 million, which means that the expected price/share is 2619680/13556739 = 0.193 cents/share
<< Previous
Bullboard Posts
Next >>