January 2012 take-over offer superior to current o There was a complete takeover offer in January 2012, it would have given shareholders 0.25/share initially, with another 0.08/share possible. Furthermore, we would have had 10M in cash on hand if we had accepted the offer in Janurary, there would have been no impairment charge on EZ either. Why did management say it was not acceptable? Shareholders receive close to 0.23/share more in new Jan. 2012 deal than the current one so what makes it unacceptable?...wait let me guess, FIU management decided to give golden handshakes to their friends instead. I agree Lefmike what a pile of B.S., shareholders are being insulted again and again by management.
"In early January 2012, following discussions with Gold One, the Corporation received a non-binding acquisition proposal of $60 million in cash and shares with an incremental $20 million in contingent consideration. Neither of these non-binding offers was acceptable to the Special Committee and the Board but they formed the basis for continued negotiations which culminated in the definitive agreements with each of AngloGold and Gold One which are to be considered by the Shareholders at the meeting. Since the announcement of these transactions no other party has provided any credible offer to the Corporation to acquire MWS or Ezulwini."
https://www.newswire.ca/en/story/970031/first-uranium-in-process-of-distributing-information-circulars-for-meetings-on-june-13-2012-of-shareholders-noteholders-and-debentureholders