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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by colt451on Apr 20, 2012 1:35pm
123 Views
Post# 19817432

RE: New bid, if it happens

RE: New bid, if it happens

Well...at this point getting over 100m is a foregone conclusion, because the competing bid is from a Russian/South Africa joint venture, the South Africa Competition Bureau will not let FIU management simply accept a sub-par Australian Gold One bid. So at the very least were looking at the new bid, but I doubt Gold One will be willing to let this go, they have been telling their shareholders they need the EZ property to expand and unlock synergies between their Cooke asset and EZ, and they just reported a bad quarter...so I think we are looking at well north of 100M now. 

 

 

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