First Uranium Corporation T.FIU

not to confuse the issue

[lefmike1]

remember when FIU said they increased the payout share price and it will be around .26 a share and they based it on the Canadian dollar falling agains the US ? ? ?

IN June the Canadian $ was .96 cents  to a US  so yes the dollar was lower.

Today that same dollar is trading at 1.015  compared to the US  meaning much less money in teh kitty for everyone to divvy up.

 

Just more facts,

[orbit_room]

From their August 2nd news release, "In order to protect against erosion in the Cdn distribution as a result of adverse changes in the Cdn/USD exchange rate, the Corporation has entered into a participating forward contract with a Schedule I Canadian Bank in respect of US$179.5 million at a floor price Cdn/USD rate of 0.9968 with the right to participate in 50% of any favorable difference

[dubsbs]

YES! you are right orbit_room.in fact in my last post I said the only risk was management and comprimising escrow accounts..currency is totally out of the equasion. In fact there is some up side if c$ falls to the usd. good luck to all and hope by jan-feb there can be at least .11 cent to distribute.I believe Mark Contofini is a straight shooter. I don't believe he would risk his reputation on

[orbit_room]

Thanks dubsbs. My post was more aimed at lefmike1. His last post about currancy fluctuations wasn't painting an accurate picture.

[aclj6]

.11 cents???..... u telling me the TOTAL we will be getting is .11 ???.... i dont get it....please explain!?!   is that a TOTAL or just the escrow acct????

[prouditalian]

up to .11 escrow .12 guaranteed before escrow. Potential for .23 cents

[dubsbs]

min 12.5 cents before escrow

[dubsbs]

min 12.5 cents before escrow

[aclj6]

werent we bumped up to .33 ???....what happened to that?...didnt they say the new deal is .33 and thats why big boys agreed??

[orbit_room]

Yes, but they reneged. Just waiting for the big boys to sue.

[dubsbs]

New Trading Symbol = fiu.h and the board is set up also