RE: RE: Uranium Mikey read carefully. My plan makes as much sense as KUmvest . They are a holding company not a miner. So you sack FIU managmnent, have a bunch of newbies trying to run a difficult mine like Ezwini is a disaster waiting to happen.
What will happen if they fail which is 95% possiblity running Ezwini without MWS operation as cash flow.
FIU failed at running both operations
Simmers and Jack could not run both operations profitably. MWS funded the Ezwini opertion when Simmers ran the show.
The company that ran the Ewini went bankrupt shut the mine down simmers bought it.
once Anglo takes MWS operation Ezwini is toast, but they are not offering anything the money they are offwering is going to be eaten up by severance pay to FIU directors and managers and new directors hired by Kumvest. Where are they going to get the money probably by selling cheap shares.
So if they fail the asset goes bankrupt who loses bond holders shareholders.
Bad plan vote how you want.
but im selling before they even attempt something as stupid as this where no one is going to receive a cent.
The operation to keep is the MWS get rid of Ezwini or get a company that has deep pockets that can add another operation or two to help make a profit at Ezwini, someone like Anglo Gold.