RE:RE:RE:Uranium Miners w/ Debt going under...FCU Looking good, Nxe?FCU only has one buyer now and that is CGN. They are looking at least 20 years ahead for PLS, and when FCU needs more money, they will provide as supplier of last resort for equity capital. You can be certain the price will be far lower than it is now. Eventually, CGN will own FCU, just like other juniors that made the mistake of accepting Chinese equity capital. Mark my words, someday you all be wishing you had salvaged what you could while the share price was over $.50/share.
Uraniuman308 wrote: I agree but the bigger lesson to be learned is the high cost associated with moving towards production. Hoping we are sold/bought sooner than later.
HighROI wrote: Bigger lesson here is don't let the Chinese state owned enterprises get their hooks into you.
Backing out at 11th hour reeks of Chinese putting screws to Paladin for a better deal.