Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum First Uranium Corporation T.FIU

TSX:FIU - Post Discussion

First Uranium Corporation > is it wise to load up more 0.08 ?
View:
Post by investorrook on May 11, 2012 12:30pm

is it wise to load up more 0.08 ?

I'm thinking to get in big time ? still debating before i pull the trigger..

Lost too much on this stock, some reason i'm stuck on this stock..

what say ?

Comment by colt451 on May 11, 2012 12:46pm
I don't know it sounds like gambling...I initially invested in FIU based on NR's, financials and fundamentals and, at this point there is nothing to follow. I can tell you I have cash put to the side to average down immediately after the asset sale is voted down. But for the moment, I'm focusing on having this asset sale voted down - you should do the same because if the asset sale get ...more  
Comment by gsall on May 11, 2012 12:49pm
I don't know that I'd call it wise. I averaged down yesterday, brought my average to 26 cents a share. A gamble for sure. But hey what's four more grand :( I'm voting NO
Comment by AIGswap on May 11, 2012 1:16pm
Depends on if you think the vote is going through or not.  Vote gets done and you'll get back between 0.11 and 0.21.  Vote fails and the stock could be worthless.
Comment by lefmike1 on May 11, 2012 1:36pm
AIG you're a liar.............  A Liar, If you are so up on things you would know that the money that will be available will be anywhere between 0.00 and 0.05 at this rate.  Adn there will be no escrow money either.   Stop with the untruth, you have nothing  to back it up with....You have no numbers or supportin information whatsoever to support that.  Please don;t ...more  
Comment by lefmike1 on May 11, 2012 1:37pm
Just Curious...  is AIG = PI by chance?  
Comment by dubsbs on May 11, 2012 1:51pm
The only way I would buy more at these level's is if I was guarenteed a no vote. My average right now is a buck a ahare. I thought it was a good idea to average down at a dollar at one time. don't you see how dramatically things can change in a short time. What about the guy's a little over a year ago bought additional shares at offer of 1.30. Where are they now.
Comment by valuearb on May 11, 2012 2:59pm
It's pretty clear that there will be roughly 10 cents at deal approval, and up to another 10 cents within a year depending upon escrow.  The no voters have a cost basis in FIU so high that they view  zero and 20 cents as the same and would rather roll the dice on an improbable recovery rather than take the bird in hand.  You see this at casinos all the time, when a gambler has ...more  
Comment by colt451 on May 11, 2012 3:05pm
Is it pretty clear there will be 0.10/share if the asset sale was approved? How, give me the numbers.  Because here are mine.  Pro forma proceeds 26.6M = 0.11/share max.    FIU needs to run for 2-3 months after the asset sale vote if it was approved, if they are burning through cash at 8M per 3 weeks, then they will require at LEAST ANOTHER 10M credit facility. Reduced from Pro ...more  
Comment by colt451 on May 11, 2012 3:22pm
If management released an NR today and said shareholders will be given 0.25/share I would actually entertain the idea of voting yes. I would lose 50% on my investment, but I would move on and recoup my losses.   But what is going on in this asset sale, is shareholders are being told that they could get nothing. DO YOU UNDERSTAND THAT, WE COULD GET NOTHING. We have not been told anything about ...more  
Comment by JEED on May 11, 2012 4:29pm
Colt your right on, shareholders need to no what there going to get so we can move on. FIU is  like a charity you basically donate you're money and expect to get nothing back. What a joke this management team is.
Comment by idunnobut on May 12, 2012 11:26am
No. No, it's not clear at all. It isn't clear AT ALL how much money shareholders will receive. Shareholders are guaranteed nothing in the present situation and even if the asset sale proceed. Dear FIU shareholder: You know those mones you wanted to own? We've decided to sell the mines to our friends. Our friends here in South Africa don't want to own FIU because you are or will be ...more  
Comment by dubsbs on May 12, 2012 4:55pm
I really hope that betsky and russians can secure a 50% buyer and than we would be in busines. ditch dean and the board run company profitable extend notes . if not maybe better offer comes in or just go bankrupt. no escrow do deon bonus. no bod bonus no 23 mill to wind things down all in all a lot mo0re money for common share holders
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities