First Uranium Corporation T.FIU

What to do?

[cowcash]

Guy's,
I have more than 30000 shares of this company.
I'm just about to give up!
For the longs on this investment, what should I do?
I consider myself a long, I have hold this one for the last 3 years.
Gold is at it's peak and we are going nowhere.
I have read everything I could on this position, I see no light...
Anyway, I saw Narm's numbers this afternoon and it's true, where is all that cash going?
I'm not a big investor, I don't do this for a living, so I'm learning as I go.
Any advice would be much appreciated, before I make a move that I might regret (sell this loser).
Thanks

[uranicynic]

I'd like to say., be patient. The last 4 quarters have seen losses of 8, 6, 6 , and on Tuesday 14 cents a share. I was predicting no worse than a 3 cents loss and very possibly a 1 or 2 cent profit. Don't know with these guys. Whatever you do it will be right for you.

[DUNKS]

only advise is to take the tax loss... find ur loss cap, sell enough to get that loss for tax purposes, hold the bag on the rest.. and if needed, cash those in next year for another loss.... if the stock dont go up by then...but like everyone has said for a long time, the numbers are wonky, and the simple fact rbc, the biggest bank in canada was heavy in the pp a few years back near 11$, tells me

[lefmike1]

" gold shouldnt cost that much to pull from the ground, and if it does, its a bad bet to play..You're right and wrong, Gold should not cost that much to pull from the ground and Ezulwini and it doesn't,  it's costing roughly 1670.00  which is still way too much,  but with the transfer of gold to FN This Q was over 5000 ounces it shows as a COS  whcih

[RockQQ]

Lefmike, you are correct.  They are adding into the cost per ounce alot of accounting mumbo-jumbo including one-time fixed costs and infrastructure expenses as well as the cost of the GW ounces.They are alot closer to positive cash flow than the numbers realize.  I wish they were a little more forthcoming about why the cost per ounce produced is so high now and why it will drop so fast

[cowcash]

I still think of this position as being worth it. Meaning be patient.But what if the price of gold goes down sharply to the 600-800$ level?And uranium, if it takes longer to recover from the last drop. The next blow to the PPS will cause a reverse split and more bad news.I don't think the share price can take another hit. And we are vulnerable to a take over (rip off) with a weak PPS.These are

[lefmike1]

There are many risks with this position cowcash,  I'm scared $hitless about some more crappy stuff happening with this company.  I'm not pumping  what I'm doing is trying to set the record straight with what minimum knowledge I have in regards to this play.The price of Gold will eventually drop that is surely a probability,  when?  who the heck knows but by