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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
Comment by MissingA9on Sep 25, 2015 11:04pm
149 Views
Post# 24137601

RE:Looking forward

RE:Looking forward
Ha - you foiled my attempt to turn the computer off - have to weigh in on that

I have mixed feelings on that.  I would love to give Dev a swift kick in the A$$ for what he has done but causing a huge ruckus i.e. a proxy battle to replace management and or trying to sue the company is just going to hurt FCU shareholders.

I think Dev should step up and do a management reshuffling on his own volition and my dream is (feel free to use my ideas Dev):

1) Dev resign as CEO, stay on the board, and focus his energy on doing the small deals with FUU and their JVs to bring about more big discoveries for the FUU/FCU axis.  Dev - you are a deal maker you thrive on these deals - focus your energies/talents in this realm where your efforts will be advantageous to your shareholders. We need you here.  You will be fighting your natural temperments and be unhappy trying to run a big company that doesn't do deals on a monthly basis.

2) Ben Ainsworth (ex Alpha CEO) take over as FCU CEO as he knows PLS intimately and probably has a ton of FCU shares.  If not assume CEO at least B.A. needs to join the FCU board to have a sober second look given that the board is weak and obviously could not stand up to Dev's bad ideas. The bad blood between B.A. and Dev might be a good thing as they will keep a close eye on each other and prevent another repeat of this DML merger insanity.

3) IF BA not available for FCU CEO - perhaps Ross can assume this role - but after what we have been through - I would rather have B.A at the helm as having someone not from the original Fission camp I think would be healthy. FYI - I was not an alpha share holder and thus don't have an allegiance to these guys but I thing it would be healthiest for FCU to have an ex alpha person running the show now.  And it is my understanding that B.A was also instrumental in getting Hathor sold.

4) Given that a merger with NXE could be a possibility having another ex alpha person (currently with Nexgen) migh also me a good idea.  So - appointing Garrett Ainsworth to the board of FCU might serve to add another sober second look (who knows PLS - he actually discovered it) which would also serve to warm relations between FCU and Nexgen.

Just my thoughts ...



3)
Bullboard Posts