First Uranium Corporation T.FIU

Take Over

[urtothemoon]

This stock will be taken over. The problem is that the price will probably be between 0.60-0.70.
Which is killing for long term holders. Never the less it seems that the company has no other choise than accept the offer.
Sprott is gona be cooked big time. Does anyone knows how many votes of approval needs for take over?
Shareholders must unite and take class action against the company that promised a lot, but never delivered.

[colt451]

Theres no basis for a class action suit...what basis would you provide? Fraud? Misconduct? Proving either will be near impossible considering that 1) all the evidence you have is a decreased share price and missed targets, and 2) FIU is a company that works out of SA, if you've been following the Sino-Forest debacle you would know that bringing any allegations against corps in other countries

[urtothemoon]

Actually Colt, we don't even know, mayby the company was even profitable this quoter. The financials for this quoter were so vague, that there is no way to say what they are. The book value just dropped by a half. Why? The earnings included the strange large other loss, that hard understand what it is. The payment to FN was 40%. From Jan.1 it should be 7%. So to many unknowns. I am not

[colt451]

I'm fairly certain that we can be confident there will not be a profit this quarter...given that FIU have themselves essentially alluded to this during the last financials. The next release will be November...what will have changed? Nothing, except if were lucky all this bullish* with the SA government will be cleared up and we can focus on mining instead of PR posturing. My predictions, which

[KillerBatman]

Are you people serious about a takeover. Let me understand this a little better. Another mining company is going to risk buying a company that the government has issues with along with the excellent safety program. I will buy back those shares i dumped for some lucky believer. I once believe in this company and i did make some good money but that is all gone. The one thing i got from FIU is a tax

[colt451]

Definitely not a takeover, as I previously posted...but now that I'm averaged to 0.65 do I think it's realistic that we see 0.60-0.80-1.00 by december/jan/feb? Absolutely. I think one thing that has to be realized is that essentially in February this company will have a clean slate, it will be a company that will have hopefully fixed it's PR issues and government problems. What's

[elml]

my friend, it is the cash flow problem that worries me most if you study closely the financial statement.If the company can managed through till the end of this year, then it will show positive cash flow for the operation, otherwise fiu may have to bankrupt like opc.

[Hmmmmmmm]

TTSB - I trust your last post will be removed tomorrow. That is no way to speak about anyone.