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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by uranicynicon May 12, 2012 11:15am
171 Views
Post# 19902369

RE: RE: RE: RE: RE: No to the sale of Ezuwini

RE: RE: RE: RE: RE: No to the sale of Ezuwini

I believe employees come before shareholders. The point is management has a very real interest in not letting this get to bankruptcy. They've already negotiated there own exit strategy and that will be cancelled by a bankruptcy. A receiver is never going to be as generous to them as they would be to themselves.

Another point that I can't let go of is the line in the production report that states Ezulwini will be profitable in May. Was this a mistake? I don't think so. I'm more inclined to think it might be management's safety net if all goes wrong on the sale. Suddenly the company is profitable and they don't need to sell and they had informed the shareholders like the were required. Regardless, it was a bizarre thing to slip into a very depressing report.

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