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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by colt451on Mar 14, 2012 1:24pm
128 Views
Post# 19669066

RE: RE: RE: RE: RE: RE: daytrader do not touch thi

RE: RE: RE: RE: RE: RE: daytrader do not touch thi

Here thought I would help you out! Fact: the deal closes in June at the earlist, Fact: the escrow fund will not be distributed until December at the earliest. Fact: You will not receive a profit until December if the vote is yes. There is no way around that, at best you would get the 36.6 mil, more likely 26.6 mil initially, meaning 0.15/share or 0.11/share in June! Until December! When you buy somthing and plan to hold it from March until December, it's called mid-long or a long term investment, not a short-term one. Looks like your a long now eh pleazu...or should I say clown. You shouldn't have ignored the DD.

Shareholders will then get some $36.6-million, while $30-million will be held in escrow. If claims above a certain threshold against AngloGold Ashanti and Gold One are not forthcoming for six months after the deal closes, these funds will be released.

https://www.miningweekly.com/article/asset-sales-at-the-end-of-first-uraniums-tunnel-2012-03-02

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