Lundin Refreshes Fission Uranium Buy 2014-12-19 21:57 ET - In the News
Brien Lundin, in the December, 2014/January, 2015, edition of the Gold Newsletter, refreshes his buy of Fission Uranium Corp., recently 87 cents.
Mr. Lundin said buy Fission four times between February, 2013, and November, 2014, at prices ranging from 74 cents to $1.71. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $3,482.
The newsletter editor reminds his readers that:
1. The company's Patterson Lake South uranium project in Saskatchewan is one of the premier uranium exploration projects in the world.
2. He says that for more than two years Fission has consistently drilled long intersections of high-grade uranium oxide on the property.
3. It recently released impressive assays from the final 18 holes of a drilling program on its R780E zone. The company will use those results for a resource estimate, due in early 2015.
4. Mr. Lundin says that analysts estimate the initial resource size will range from 40 million pounds to 80 million pounds of U3O8.
5. The writer says even the low end of that estimate would be large enough to warrant a takeover offer.
6. He concludes that Fission remains one of the top exploration stories in the world and that a higher valuation for the company seems both likely and imminent.
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Lurk & Learns:
It is unfortunate that the bashers are working overtime on shaking the shares from the weak hands/knees.
For those who understand the significance of Options, timing of their issuance is everything. For my Lurk & Learns, insiders still have to pay $1 for shares that the ordinary shareholders can now buy in the $0.80's.
With tax loss selling coming to a close on Dec 24th... and with many traders taking this week off those astute investors who understand the signal that the options represent s/could be acting accordingly.
Thus options are not a ZERO cost to the insiders. They still have to pay $1 for the shares. Based on some of the banter here the bashers would want you to believe that there is no value in the $4,000,000 that will accrue to the FCU coffers. It is always a moot point when the shares appreciate after the 43-101 compliant maiden resource (January??) and subsequent PEA (??). Based on the maiden resource being complete (c/w infill drilling.. b4 the PEA).
Anyway. Let's keep everything into perspective. Meaning sharks,bashers and undertakers are working overtime for the next three trading days. Readers MUST be responsible for their own actions/decisions. Blaming someone posting on an anynomous board is symptomatic of some incapable of doing the proper research. NEVER rely on this or any other BB posting. A good place to start is with your own analysis of Mr Lundin's reminders. Failing that, we can always go into the "how are we going to mine the deposit" distraction.
BWDIK-DYODD-GLAP
Cheers
Stanley