why a no vote is serious according to First uranium whiz kids ( management )
First uranium loses the right to mine ( the mining license )
Anglo gold loses their investment all millions of shares bought at 60 cents this will make share holders happy maybe they will replace CEO of Anglo Gold Cutie Fanny share holders will feel they took it up the wazo
Swaphole loses his investment no mining license another CEO replaced more shareholders feeling like they well you know.
Franco Nevada lose their shares, and gold stream no license to mine the projects
FIU shareholders lose there shares
the debenture holders will lose as the mine is worth nothing without a license.
South African Governement get property the equipment no mining license to mine it
all employees get fired no license to mine, and no money for wages,so they will quit . (who going to work for free)
The directors s that hold shares lose there shares
all Directors and employees lose severance pay and benefits as the company is broke lawyers are fighting so hard for Franco, Anglo , Swaphole, South African bank the lawyers drag it out until all funds are gone.
South African Bank loses big time they have loans against company, and hold debentures
Gold One lose there 10.7 million loan because the mining license is pulled so who would want to buy a mine with no license
I think Franco and Anglo better act fast or there are a alot of losers in the losers chain and im only quoting First Uranium Management who know the facts.
South African government stands in line for a good property, in a few years they can sell it back to Simmers and Jack when we are dead they can rinse and repeat all over again. RBC can get involved and make millions again.
I think i understand why First Uranium states this is a serious situation but for a few million more in an offer it could be a win win situation for every body ( except lawyers) i should say
Even if First Uranium said look we can sweeten the deal we will only take wages no bonuses to get this deal done the share holders will be offered a stated share price. We really want to act not threaten. We are sorry.