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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 LinkLeisureon Oct 25, 2018 1:52pm
60 Views
Post# 28872738

RE:RE:FUU

RE:RE:FUUThis is just my opinion, but if you received shares of FUU as part of the spin-off (I did as well) this is not really a new "investment" this is part of your original FCU investment and should be considered a part of that value.

If you purchased such an early stage exploring Junior Mining stock after the spin-off then an investor should have known or been advised that these types of stocks are pretty much the extreme end of the highly speculative spectrum.  They are lose majority or all your money or make a bunch of money type of "investments".

Being down 65% on shares like that in a bear market is "normal", making a 10 bagger is rare.

It is only a "terrible" investment if the investor expects a multi-bagger without even one major drill strike in one of the worst bear markets for the U commodity in history.  That is more of a "terrible" expectation than a terrible investment.  

In a booming Bull market FUU could do very well, we aren't in that market.  So short term thinking will only frustrate anyone with that expectation.

FUU has swaths of land, very close to rich high grade U discoveries in Athabasca Canada and Peru.  There is large potential upside.  But a Junior this early in the process is a long-term, SUPER speculative, "investment".   "Terrible" would be if it went bankrupt or basically disappeared like 400+ other Uranium companies did in the last decade.  Relative to its peers, has it really done "terrible".  If it can survive into a solid U bull market, it might do very well.

I do find the volatility curious.  Insider purchases?  Leaked insider info?  Bit weird.   Someone is willing to pay a premium to buy - I wonder why.....
Bullboard Posts