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Bullboard - Stock Discussion Forum First Uranium Corporation T.FIU

TSX:FIU - Post Discussion

First Uranium Corporation > Costs still unknown...
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Post by Toroutlaw on Oct 21, 2010 10:24am

Costs still unknown...

That seems to be prohibiting the price for advancing further, everyone wants to know if the company's liquidity is stable and whether further dilution won't be necessary before its cash flow positive
Comment by bottomfeeder7 on Oct 21, 2010 10:31am
Fair enough.
Comment by lefmike1 on Oct 21, 2010 10:34am
That's a very good question Toroutlaw, one that will be answered in June next year ( hopefully before then )I doubt based on the new managements earlier statements and how they are progressing, the company will need additional funds to complete the present projects.  They have 150 mill and the work they are presently doing is suppose to be considerably less than that  CATCH WORD  ...more  
Comment by Toroutlaw on Oct 21, 2010 10:56am
Agree, whatever happens in the next several years is not as important as the next 6 months, financial stability and liquidity is making investors reluctant, shady business practices in SA are not helping either
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