First Uranium Corporation T.FIU

Other thoughts

[uranicynic]

I too have considered paying the 2013 debt first. Assuming we got 150m for EZ and made some noises that we'd pay off 2013 debt  we'd probably see a rapid rise in SP. Remember the higher the SP the less dilution. Also with cash in the bank and threatening to issue shares to pay off the debentures we may find the debt holders more agreeable.

 Getting back to the Russian offer it is imperative that we remove all the guarantees and escrow conditions from the deal.Those terms should never have been agreed to in the first place.

[uranicynic]

Don't forget the 2.5m break fee. Leaves us with a 7.5m improvement on Gold One's deal. Not much of an improvement on Gold One's 70m.

[Critical_Mass]

Although this isn't much more, when I think about it, this is probably not a bad strategy for the Russian/SA firm to optimize their price. Why not start out low and see if GDO will even match them.  Then they can up the offer each time they match, and they don't end up overpaying until one of the parties gives up. This is just the beginning, and I agree it isn't much more when you

[idunnobut]

If they bid for it like this it will likely ensure the shareholder vote for both asset sales is "No". Since Sprott is involved with this new bid for Ezulwini, I think if Gold One want the mine they are going to be forced to bid Gold One will likely be forced to bid higher until shareholders are paid the true value of this asset -- and most of the players (except us small shareholders) do

[uranicynic]

I'm not following your train of thought. Are you suggesting that there's no hope therefore we should accept our fate? If so, I disagree.

[colt451]

What in the he*ll are you talking about? None of that makes any sense....did you write this when you were high? What do you mean Sprott is in on the EZ bid? Are you on meds lol...

[idunnobut]

I'm happy to hear that somebody else is bidding for Ezulwini. The advantage for us right now is that it makes a "No" vote for both assets much more likely. This will put pressure on the major players to figure out something behind the scenes. That's what's been going on anyways, I'm just pointing it out again. In other words: only if a bidding war breaks out (and Anglo

[colt451]

No I do not understand it, because apparently you are privy to some information that no one else has found, Sprott is not connected to the new bid...I have no idea where you found this, but please share your information with the board. I am guessing your making unwarrented assumptions based on the extract from this article “The final price is subject to due diligence, but the non-binding offer

[idunnobut]

No, I don't have any additional information. https://www.bloomberg.com/news/2012-04-20/russian-billionaire-bids-for-south-african-uranium-mine.html First Uranium is selling the assets too cheaply, a group of shareholders that own a combined 17 percent stake in the company said last month. The group wants the company to consider the Renova offer and enter into negotiations, Nicholas Betsky

[colt451]

You misunderstood the context of the quote clearly...   What you posted is simply saying the large shareholder group of Sprott, Olma, and Stratton, want FIU management to consider the new bid from the Russian/SA group. Sprott, Olma, and Stratton have no connection to the Russian company Renova, the closest connection is that Olma and Renova are both Russian...but that's not exactly a