Do you due diligence. Company was put up for sale in July 2011. RBC contacted 20 parties and these are the only deals they got: "On July 29, 2011, the Special Committee met to consider, among other things, the ramifications of AngloGold’s purchase of the Common Shares from Village, including its effect on the Corporation’s BEE credentials and the restructuring processes under consideration. The Special Committee further discussed approaches received from certain Debentureholders regarding restructuring of the outstanding Debentures and approaches received from third parties who expressed interest in acquiring First Uranium and/or entering into potential joint venture transactions in respect of the Corporation’s operations. Shortly thereafter the Board, on the recommendations of the Special Committee, instructed RBC Capital Markets to begin identifying and contacting parties who might consider an investment in or the purchase of, First Uranium (the “investment and sale process”)... Throughout the period from mid September 2011 to late January 2012, RBC Capital Markets was in contact with approximately 20 parties which resulted in the Corporation entering into a confidentiality agreement with one additional party that had expressed an interest in pursuing a strategic transaction with First Uranium. This party was provided with the ability to conduct due diligence including making site visits with respect to First Uranium’s assets as well as meeting with management of First Uranium to discuss the business opportunity and their potential interest in the Corporation."
"Neither AngloGold nor Gold One expressed an interest in acquiring First Uranium as a whole, and both required their respective acquisitions to be separately negotiated. Throughout the separate discussions with each of AngloGold and Gold One, each was adamant that their acquisition transaction be concluded on a stand alone basis, without any cross conditionality to the other transaction. No other party provided any proposal for the acquisition of MWS and, other than Gold One, only one party provided an expression of interest to the Corporation in connection with the acquisition of Ezulwini"