First Uranium Corporation T.FIU

Where next?

[uranicynic]

I don't have a clue which direction the FIU SP will go after announcing that they've efffectively given up on Ezulwini. I do know that the sum of the parts is far greater than twenty cents a share so therefore it should be good for us in theory.

Ezulwini might be attractive to Harmony Gold or whichever company has the nearby mine. MWS is definitely the jewell in the FIU crown. Probably worth 500m +. The problem is the management team. Will they wring all the money out of these assets or better yet get rid of EZ and run MWS as a proper gold recovery facility? Stay tuned.

[prouditalian]

given up on EZ? do you know how to read? They are telling you in black and white that they are selling assetS! not an asset. They are selling MWS to pay me back as a debenture holder. All the money that has been spent on equipment is being sold at a deep discount and shareholders are taking it up the arrse. These guys have fukked you anyway you look at it.

[colt451]

You are such a FU*KIN IDIOT! They refer to assets in the plural because they are selling EZ + mining equipment etc. MWS will not be sold, and if it is, shareholders will easily receive 0.50+ after all's said and done, by conservative calculations, shareholders would receive 0.70+ IMO. The reason the price isn't going up, is because EZ deal is not final yet, short term bridge loan amount is

[prouditalian]

actually Colty, you are even dumber than I gave you credit for. Congrats. Read this article, and read the release, its CRYSTAL clear they are selling both EZ and MWS to pay me as a debt holder. Get that vaseline ready Colty!!https://www.miningmx.com/opinion/columnists/Start-of-the-endgame-at-First-Uranium.htm

[colt451]

I read it when you first posted it...it's an opinion article, as in my opinion is that your an idiot. It doesn't really matter what you argue, the simple fact is that FIU's assets are valued well above the debenture debts, and the common share's will be paid anywhere from 0.50-1.00/share. And that's only if MWS is sold, which it won't be...do you think that stakeholders

[prouditalian]

"do you think that stakeholders will vote for a asset sale which screws them? No...didn't think so, which if you read the release, they need. Anglo will want their money back which means 0.60+/share in all likelyhood" show me where shareholders get to vote on the disposition of assets. The special committee makes the decision and the BOD approves it. You voted for the BOD! Anglop

[colt451]

You want me to show you, you jack*off hack investor?  "As part of the process, and in response to proposals received from third parties, the Company is in negotiations to dispose of its principal assets. If the Company is successful in entering into definitive agreements with these third parties and fulfilling all conditions precedent, including obtaining necessary regulatory and

[prouditalian]

Mr Moron, a stakeholder is NOT a shareholder. They need approval from the parties that have the gold stream ( Franco Nevada ) and those who hold the collateral for MWS. You wont get to vote moron. I will get payed 100% for my notes, you may get something that is left. Could be 0, could be 1.00.

[colt451]

Really? Did you think that because they are different words idiot...I would imagine you did because your just that stupid arn't you? Stakeholder may refer to: Stakeholder (corporate), a person, group, organization, member or system who affects or can be affected by an organization's actions Consumer stakeholder, a person or group with an interest in a business or organization

[prouditalian]

Colty, you are simply a fool and deserve the loss that will be handed to you. As a secured noteholder, I own MWS, not FIU. You will have zero to say in its sale to Anglo. As I said, you could get something after I am payed, or nothing.

[narmac]

The writing is on the wall,,,, $1.30 share price by end of this year !!! Eze gets sold for top dollar,,,,,,,,gold breaks $2000/oz by mid summer ,,,,,,,,MWS locates higher grade tailings,,,,,,,,and PI gets his measly ol' 7% + the principle mid 2013 as he desribes!!  :o)   ,,a round of glennfiddich for all !!!   Nothing is over until the fat lady sings !

[JBBminer]

Hey Proud, your sooo smart guy.  Let me ask u?  what kind of return are you getting for your note purchase?  Is is worth the risk of FIU shares instead?  And nope I don't belive you own MWS, MWS is your security not your ownership. 

[JBBminer]

Well, good luck to you Narmy.  I hope all the best for shareholders.. 

[prouditalian]

I have about 100k worth of the notes, and FIU will pay me nice interest. If the company goes belly up, I am protected by the asset sale. MWS is worth more than 150 mil. As a shareholder, you can get zippo. Ill take the no brainer over shares where I can lose it all or double my money. I simply would rather be on the side of smart money than trusting this management team. Their record speaks for

[chillyballs]

Proud, you are if nothing else..an egomaniac. But hey we all have to be something right. If the compmnay does go belly up then the assets are fire saled and forget about what they are worth... it is about what somebody if anybody will pay for them.... I hope you didn't pay anymore than about 70% face value for the notes and forget about the 7% return.... the upside is getting something above

[prouditalian]

Chilly, unlike the previous poster I bought the 2012 notes, he had the 2011 debs. Mine pay 7% and I am up 10% on them altready. In an asset sale, I get 1st dibs and since my notes are for a total of 150 mil, I will get 100% of the nominal value, so a gain of about 50% from where I bought, plus I get a 7% interest coupon. If company goes bankrupt, they jsut need to sell assets for more than 150 mil

[prouditalian]

2013, not 2012 meant

[chillyballs]

Well Proud...I guess we will find out soon enough.... in the event that this does fall apart and belly up.... 2012 notes get paid out first.... and then the 2013.... hence the 70% of value.... again... good luck dude!!!!!