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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based uranium company and the owner/developer of the high-grade, near-surface Triple R uranium deposit. The Company is the 100% owner of the Patterson Lake South uranium property. Its Patterson Lake South (PLS) project, which hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit that occurs within a 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises over 17 contiguous claims totaling 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin. Additionally, the Company has the West Cluff property comprising three claims totaling approximately 11,148-hectares and the La Rocque property comprising two claims totaling over 959 hectares in the western Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located five km south of Cameco’s La Rocque Uranium Zone.


TSX:FCU - Post by User

Bullboard Posts
Post by rectangularon Oct 29, 2014 7:25pm
352 Views
Post# 23074441

Not what we had hoped for

Not what we had hoped forIt is really hard to believe what has happened to FCU. Very good drilling results are met with a drop in share price. Good news is ignored. Sellers keep the pressure on. It is sad for shareholders to watch this miserable performance. One thing really worries me. Everyone expects FCU to be taken out at some point. And we all had high hopes for a takeout price around $2.00. That is going to be VERY difficult to realize. I am quite sure that Cameco loves to see FCU share price so weak. Cameco preys on targets that it can scoop up cheaply. So don't expect Cameco to come in with a bid near $2.00 at any time. Cameco could easily shoot out a bid at $1.20 a share (a 40% premium over today's share price). As for other companies that might bid .... there are NOT a lot. It is possible a low bid might draw no other competing bids. We do not want that, but it is a distinct possibility. So what would shareholders do? Maybe reject such an offer and hang on and wait and wait and wait....perhaps to 2017. Or do they accept the low ball offer because they waited 3 years and are fed up? Shareholders do get fatigue. Whoever bids first on FCU might win. I know this much ..... Cameco will not chase FCU. Their approach is to "steal properties". I hope there is another interested company/partnership out there but nothing has gone the way FCU shareholders expected so far (except good drilling results). So there is a distinct chance that this ONCE IN A LIFE OPPORTUNITY TO MAKE GOOD MONEY will become a huge disappointment for FCU shareholders.
Bullboard Posts