Globe and Mail article https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/first-uranium-faces-new-opponent-in-fight-to-stay-afloat-its-shareholders/article2428006/
“We feel there is a better deal out there,” said Nicholas Betsky, head of Russia’s giant OLMA Investment Firm and who claims to represent holders of some 17 per cent of First Uranium’s shares, including one of Canada’s most prominent resource investment firms, Sprott Asset Management.
“We don’t think that the board has done its job, or that management has done its job in exploring the options,” he said. “We plan on voting no and are ourselves looking for a better deal.”
“If they want us to vote yes, they’re going to have to get AngloGold and Gold One to increase the price. If they don’t, which they don’t seem to want to, we’re going to vote no,” said Mr. Betsky, who thinks shareholders would fare better if the company declared bankruptcy than under the current deals.
***Remember guys, Betsky and Sprott receive the same compensation we do, they have no reason to make any decisions that would negatively impact shareholders. It looks like we are going to defeat this asset sale, but everyone has to vote!