First Uranium Corporation T.FIU

what happens?

[pillio24]

If Anglo ups the offer and the sale goes through. And fiu takes bear up on his offer to buy 26%, replace management and fund operating ez. Do we get paid out for the sale to Anglo? Will fiu still be listed if ez doesn't get sold to Go? What happens to the shares that you own?>

[dubsbs]

money from the sale pay off all debt because mws is the collatoral. any funds raised from bear and remaining from sale go into bank. then we are at square one again. trying to make ezzy profitable only this time we don't have debt hanging over our heads.

[pillio24]

I mean i know we will get paid out if the sale to aga. But how do u figure out how much we got if only mws is sold?>

[pillio24]

So of aga ups the offer to $380mil, we will get paid out .25 a share and keep our existing shares?>

[dubsbs]

The only way shareholders get paid out is if both assets are sold and they wind-up the company. If only mws sells they would be required to pay debt from that and what is left would be operate ezzy until something else took place. IE: sale of ezzy or bankruptsy or they could operate cash flow positive etc.

[KillerBatman]

Kumvest gets set for hostile takeover Kumvest, a holding company owned by local businessman Mandla "Bear" Kumalo, has made the first move towards a hostile takeover of troubled miner First Uranium Corporation. Image: Reuters A haul truck is seen carrying uranium ore out of Energy Resource Australia"s Ranger uranium mine in Australia"s Northern

[just_me...]

THANKS for your post! Good read! Cheers and Good Luck!

[atkhan]

Mike/CM/Hmmm   any comment on this offer ? what is this ? "08 Jun 2012 - Reuters Investor offers to buy 26 percent stake in First Uranium (Reuters) - Canadian miner First Uranium Corp FIU.TO said Kumvest Pvt Ltd will offer to buy a 26 percent stake in the company at 37 Canadian cents per share, a premium of almost 95 percent to the stock's Friday close, if some conditions are met