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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 Seaniganon Feb 13, 2015 9:35am
330 Views
Post# 23425960

RE:FUU deal

RE:FUU dealI hope there's no offense taken, but a company is only "worth" what the market is willing to pay for it. I'm long FCU like most people here but people need to remember how supply and demand works. We all want the highest buyout price possible. Unfortunately everyone is getting heartset on numbers from previous valuations when the uranium market was a lot stronger, there were a lot more nuclear plants operating, and in general companies were in stronger financial shape and hungry to snap up discoveries. The current uranium landscape isn't as Rosie right now so some people may need to adjust their expectations. Yes, companies will pay a premium for the future higher prices we KNOW will be coming. I'm just reminding people to keep in mind that price is determined by the market buyers willingness to pay and not necessarily by past valuations from different economic times. The uranium market will recover and if people "will accept nothing less" than previous valuations, shareholders might need to be willing to wait longer to achieve full "value"

Unfortunately with the recent FUU purchase, I'm sure shareholders are REALLY not going to want to wait a whole lot longer and run the risk of FCU having to possibly raise more money. Bit of a wrench being thrown in. 

Hopefully I don't get slammed for this post. 
Bullboard Posts