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Bullboard - Stock Discussion Forum First Uranium Corporation T.FIU

TSX:FIU - Post Discussion

First Uranium Corporation > Nice to see !!!
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Post by ecolo101 on Mar 29, 2010 11:47am

Nice to see !!!

The debenture holding in the 78$ range. This is a good indication that long term investors believe in the closing of the emission...
Time for the news ; we need some positve NR this week before market closing on Thursday.
Good luck to all being long on this one... Metal is in the ground. This is reality.
Comment by lefmike1 on Mar 29, 2010 2:49pm
Read below and please give your interpretation.   The debentures are holding at 76.00-78.00 each. Yet they can be remitted for teh equivelent of shares at 16.42 per share.  Does that mean that 100 shares of FIU  preselty worth 135.00  would have 1,645.00 worth of debenture written off?  I'm not at all knowledgeble regarding debentures.  Why woudl ...more  
Comment by shiftman on Mar 29, 2010 9:14pm
They would be worth if someone decided to cash then 1.35 x 20 days average price of the stock so lets say they for example take that fiqure is 1.32 x 95% = 1.25 per shareSo i don't think anyone would want to cash in now.I will confirm this with Bob.The idea was that when you bought the debentures that the company share price would be worth more in the future years. If the recesion had not ...more  
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