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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based resource company. The Company’s principal business activity is the acquisition and development of exploration and evaluation assets. The Company is a resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin in Western Canada. The Company’s primary asset is the Patterson Lake South (PLS) project, which hosts the Triple R deposit, high-grade and near-surface uranium deposit that occurs within 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises approximately 17 contiguous claims totaling approximately 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin, notable for hosting the highest-grade uranium deposits and operating mines in the world. The Company also has the West Cluff property comprising three claims totaling 11,148-hectares in the western Athabasca Basin region of northern Saskatchewan.


TSX:FCU - Post by User

Bullboard Posts
Post by toriddogon Feb 13, 2015 8:01am
429 Views
Post# 23425646

FUU deal

FUU dealThe deal is less than 1% of FCU. I am convinced that when FCU is sold all claims not part of the main deposit will be spun out to FUU rather than have the cost and time to set up a new company for the FCU team to continue exploration. 
A one cent decline in the FCU stock price costs you more than this deal ,so why worry about it.  If this happens sell all the FUU shares you get as compensation for the claims transfer. You will probably get a nice profit with little risk.
I doubt very many will be buying shares before they hit a good hole unless they like to gamble. NXE is a better bet outside of FCU. 
The thing we all should be concerned about is FCU being sold below what it is worth. 
Bullboard Posts