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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by Critical_Masson Apr 05, 2012 1:23pm
58 Views
Post# 19763902

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: consider y

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: consider y

Village inherits nothing except ownership in FIU with the rest of us. I doubt at that point they want to give our assets away to Gold One and AGA.  Last I checked the current debt due converts to shares. MWS is earning 60m + a year.  With just that, it should be np to refinance the 2013 debt.  Our problem is Ez.  Which should be disposed of or shut if it can't break even.  MWS is a cash cow, and the solution is simple if management bothered to even look or had shareholder interests at all in mind.

And Anglo is going to get diluted along with the rest of us, so they have a big incentive to not let that happen if it looks like they aren't going to steal MWS. Further, past this debt maturity, there is no chance they will get anywhere close to the deal they can get now. So if they offer something fair, we can vote for that, and reject selling Ez.  Or vice versa, and Gold One steps up to the plate, and offers 150m.  Then we vote for that, and tell AGA to take a hike.  All we need is one improved offer.

But as it stands there is no way in hell, the vast majority of us are voting for 15c and the deal as it stands. And none of that has any chance to happen if we blindly go along like lambs to slaughter. So no thank you, I'll be taking my chances.

We've already gone through what will happen after and are very much aware of what we are doing.  You're not the first person who has come here trying to scare us with similar doom and gloom tactics.

So do you work for village then since you're focusing on them?  Be honest. Do you personally own bonds and are getting a little worried that we're aren't going along?

These deals aren't going through unless they are improved, as colt pointed out.  So tell us your agenda, and lets have an honest discussion.

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