Fission Uranium Corp T.FCU

Consolidation Usually Followed by Private Placements

[ybacuo]

There are currently approximately 719M FCU shares out and the share price is 0.58. Assuming the consolidation happened today, post 1:15 consolidation there would be approximately 47.9M shares out at a share price of 8.70. It is true that a higher share price would enable listing on other exchanges, however my experience has been that share consolidations are usually followed by dilutive private placements.

[Uraniuman308]

EXACTLY...license to print money and support their lifestyle...JMO  

[Greenday]

@ ybacuo - FCU had almost $45M in cash as at March 31, 2023 and the development work being done currently isn't that capital intensive.  The cash burn will increase this winter when exploratory drilling of the property resumes but a $15M program would still leave about $30M in the treasury.  I don't see a need for raising capital in the immediate future.   "At

[Uraniuman308]

Greenday has been consistently wrong about all things FCU, no reason this comment should be any different.  Expect a future of further and significant equity raises with a corresponding fall in our share price over time.  It is a shame what has happened to this company.  JMO