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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 LRGreturns4meon Nov 24, 2015 9:23pm
193 Views
Post# 24322316

New Board, new management?

New Board, new management?i'm not a fan of Dev at all. He once brought value in financing this project and did a good job. He has made many errors this year and needs to be reigned in. Ross and the geologists are doing a fantastic job delineating the resource and have many conductors to test. Changing management could risk losing the whole team, synergy in the field and intelectual property knowledge and experience held by Ross and the geologists.

I think there are many shareholders that were against the merger who will go with the existing board members. The winter program needs to be very productive so that the next dilution is minimized. Sure things are not as rosy as many would like, but emotional decisions usually produce negative outcomes. Thoughtful decisions have a chance. The risks associated with electing the opposition slate should be pondered. Every exploration company has risks, many of FCU risks are known. Sure the PEA has many favorable assumptions, but also many known facts with more knowledge coming. I'm thinking I want to see the team continue to move forward and put all of this disruption behind. The merger was a bad move, nothing else has changed. Nobody is buying anything right now, but that too will change. Keep drilling and Best of luck to all.
Bullboard Posts