FORUM URANIUM CORP V.FDC

Region is consolidating. Forum is delaying release?

[NickD19xx]

That's my two cents. Seems like forum wants to keep share prices down until the financing goes through. Results should have been released by now. Volume is down a fair bit but when the Clearwater results are out I think we're laughing. All of us left are in it for the results so who's going to be selling now. Anybody have news or an update to the situation?

[white_lightning]

Companies don't release material news during financings.  Companies can't be seen to influence their share price.  Companies don't want their share price down during a financing, especially below the offering price, since it makes selling the financing difficult.  The drop in price here is understandable when considering the flow-through shares being offered. 

[Highrider7]

  I believe the after tax cost base for the flow-through shares will actually be .33 cents ...   not in the .40's as you are saying " white lightning."      Please show how you figure the .40's  ???

[white_lightning]

Assuming a 40% tax bracket for an investor, yes it would be 33 cents.  I should have taken a few extra seconds to be more specific.

[Highrider7]

No problem white lightning.   Even with the pullback here I believe we could have a very nice pop.  Sure be nice to get some drill results.  I also like their land position up north around Cameco and Areva but I don't think that they are going to be doing any work on them this year.