First Uranium Corporation T.FIU

RBC Report.

[lefmike1]

First Uranium: Waste storage permit granted
March 1, 2010

By Asha Speckman

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Things would get better for First Uranium following the approval of its environmental permit last week, RBC Capital Markets resources analyst Leon Esterhuizen said.

The North West Department of Agriculture, Conservation, Environment and Rural Development has approved the company's application to construct a tailings storage facility at its mine waste solutions plant near Stilfontein.

The department had initially rejected the application. Recently, it said First Uranium violated the law by starting the project before the permit was awarded.

Esterhuizen said it was positive that the new board could sort out this critical issue so quickly. - Asha Speckman

[glorieux]

So hopefully RBC stops selling us to the dogs...If it was not for there incessant sells into the bid, we would of never seen this price again.  I do not think we should be under $1.60 right now but what do I know!!I always find it funny when a house comes up with a positive report, yet sells hard into the bid!I am with TD and crap like this from RBC makes me happy I am not with them!!Glorieux

[Synchronous]

Long as this stays in ~1.50 or lower I"ll keep adding.Negative speculation is a friend to the long call (re)opening position. - Assests seem fine and producing. - Low share price attributed to Tailing permit has not corrected. - Low share price seems due to manipulation for cheap share PP. Which I"ll try to get as well. - If development stopped they would be positive

[Attorney30]

Mr. Synchronous, I've followed your few, put insights for a while.  Are you suggesting that the "funding" or "financing" for both the MWS and the mine operations will both be achieved through a PP (i.e. share dilution) as opposed to debt facilities, or 3rd party capital injection of some sort.If so, is your view that the share price will move significantly above the

[ANONYM0US]

What is RBC's house trading number? Thanks in advance.

[glorieux]

House #2Funning thing is they are the biggest dumper by far of CEE as well, another gold play in Africa...so does RBC think gold is going down, or they are getting out of Africa or is this just 2 coincidencesOr did they overleverage and now have to sell some assets??g.

[narmac]

Don't worry about RBC idiots,,,,,they know not what they do,,,,,,they handled one investing account for me,,,,,and they landed an excellent stock for me at super cheap prices,,, $80 to $90 range on the downtrend,,,,,,,,and then choose to cost average on the way down,,,what was that stock you ask,,,,,,,,NT,,,,,,,,, :o)  And yes you know the rest of the story,,,,,,,,,,,,So they know not

[narmac]

Remember it is the first of the month and funds adjust their holdings!  FYI.

[Synchronous]

My guestimate is a very dilutive share private placement with whole warrents was in the works.Along with new Options for the officers.But the new Official Permit came back in ahead of schedule ... pushing the share price back up.I think they wanted to issue $100million at $1.00-1.20 with whole warrents at say.. $2.00-2.50Now with the permit offically cleared up they are having trouble keepiong the

[Attorney30]

My first guess is FIU management has been trying to obtain (a) credit line (i.e. on good terms) - then if not, (b) dilutive share private placement.   Both preclude insolvency, and are certainly likely options within the next 60 days.  Option (a) is better for the share price, (b) as you note, not so great.I recall the recent PR warning of the impaired financial