RE:Use Of ProceedsThere's no need to buy FUU. I can purchase FUU on my own if I think it's a good investment. That's not something FCU should be doing. I also don't want them to dilute my ownership by speculating on other properties. They should focus on what they have.
Other ideas. They might use the funds to purchase physcial uranuium.
RatPatrol wrote: What ALL this money could be used for is most important.
This post may provide some answers as replies are invited.
I'll start by suggesting that FCU mgmt will be trying to patch up, pave over, some of
its mistteps, errors, overshadowing its ability to make itself
more attractive to others.
1) $75-$100 million going towards buying back the 80% of FUU it doesn't already own.
2) Buying properties around FCU's core holdings. Obviously this excludes Nexgen
because Nexgen is too big for FCU to swallow.
Any other ideas?
JMHO