First Uranium Corporation T.FIU

great article on the deal with Anglo

[prouditalian]

https://www.miningmx.com/opinion/columnists/Everybody-wins-in-First-Uranium-deal.htm
MWS is the pivotal part of this deal for Anglo
EZ hopefully will be sold off to Rand Uranium
Only upside here for all.

[elml]

The only thing that worries me is, as the article says:"Should AngloGold decide to grow its stake, it may at the same time solve a headache of First Uranium by opting to buy-out or restructure the company’s two series of convertible notes, totalling C$172m and C$150m respectively.Said RBC Capital Markets in a report dated 15 July: “Based on our forecasts, First Uranium will be unable to repay

[narmac]

Sure,,,,,,,,,,,,not many miners operating that carry zero debt from what I see,,,,,and the notes are just that,,,,debt,,,,,,,,,no more no less,,,,,,,,within 24 months FIU should be looking mighty attractive to all investors, including the banking institutions!!  Anglo and other majors you will see, carry debt as well,,,,,,,FIU is no different,,,,,,,,the real difference now is when they prove

[narmac]

You note""""However, if thisissue is solved, then with GW completion test passed, increasedproduction in line and gold price surging, fiu is a very profitableoperation, which will equate to a 10 to 15 bagger from its bottom of0.38/share """"A 10 bagger at .38 would be $3.80/share......&...a 15 bagger would sit nicely with me at $5.70/share,,,,,,,,,,,,,,,

[narmac]

,,,,,,,,,,,,,,,to put things in perspective,,here is Allan Potash with a market cap of $252 Million on the Danakil depression in Ethiopia.............a few holes in the ground and zero infrastructure ,,,,,,,,,,,,,,,the area is considered one of the most hostile environments on earth,,yet Allana has lots and lots of financing and of course that evil debt yet to come to build a $1 Billion mine for

[shiftman]

Pure Colunbian, home growen ?

[kingyahoo]

I will not argue with anyone's position or theory. I have held FIU perhaps longer than many of you on this board and somehow I have always come ahead. If not, then I compensate by taking profit from other stocks, as all my egges are not in FIU basket.Now, let us face it, on Thursday, I had some loose change and decided to add at .38 cents, despite the hopelessness of the situation. Why would I

[shiftman]

thats smoking responsibily and being realistic in his goals.some people payed 12.00 a share and 7.00,  5.00 a share i mean debentures are like 16.40its like FUK-U shima ME.water is coming.

[idunnobut]

the article states: More importantly, Village now has the option to settle a DeutscheBank gold forward agreement. Simmers previously took a $25m loan fromDeutsche in exchange for the delivery of 3,600 ounces per month for 18months – effectively a hedge at $385 per ounce if you exclude interestcharges. Which is absurd when gold is trading above $1,500/oz.So, Village gets $30M, which gives it enough

[narmac]

Other than those being short this equity,,,,,kingyahoo,,,,you are the only investor, possibly, that has somehow come out ahead on FIU ! Are you sure you ain't pulling our leg here?? Not even the bankers were sharp enuff to know when to play this puppy long!!!  Not at least since the teens of yesteryear,,,,that we know !!

[JBBminer]

Narm, I doubled my position at .40.   We will adjust our thinking once the details of the 3rd GOLD plant is operational.Cash flow changes and so will the economics.

[narmac]

I bought a block at .40 as well,,,,,,,,,,I had promised myself not to take another block after I bought the last one at .72!!Anyway,,,,,,,,,,,,,,,,, the business dynamics on this dog will change alright,,hopefully to the upside !!  :o) At least that is where I have had my wager since the $1.10 level!!Tomorrow may be a a day of confusion as to where the sp should be after such a deal!!