NR before/on May 15th There is absolutely no point in following the price day to day, spend your time doing something productive instead of watching the price rollercoaster 0.02 cents - all we can do is follow NR's, management is supposed to be releasing one in the next two weeks, and there are various players connected to the asset sale also releasing NR's concerning the asset sale.
The Village Reef financials released recently included a statement about their notes being secured against MWS in the event of the shareholders voting the asset sale down. This is a major shift from the language Village Reef used in previous NR's, I think it is becoming clear to the other players that this asset sale has become a nightmare for absolutely everyone at this point and people are backpedaling trying to do damage control. It won't take long for AngloGold, Franco-Nevada, Village, to turn against FIU management after the asset sale is turned down.
Management is facing potential lawsuits, AngloGold, Village Reef/Franco Nevada etc. are facing the thought of having to now tell their investors that there will not be money coming down the pipe but dilution instead, shareholders are upset. I am sure Deon thought he was top shi* sitting around building this house of cards and telling everyone it will all work out, but it will all come crashing down on him now...he is going to have several powerful groups extremely upset how he played this, I mean...look at the list of people he will be forced to answer to when the asset sale is voted down.
1) Sprott
2) Olma
3) Stratton
4) AngloGold
5) Gold One
6) Franco-Nevada
7) Village Reef
8) Renova
9) South Africa Water Pan Group
10) Other debt holders facing dilution instead of 95% reinbursement
AND LETS NOT FORGET EVERY FIU SHAREHOLDER - I dont know about you guys, but having this many people gunning for me would scare the **** out of me