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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 LRGreturns4meon Jul 12, 2015 8:20am
243 Views
Post# 23915561

First Post: Why such a change in direction for FCU?

First Post: Why such a change in direction for FCU?I have been a shareholder for quite a while and looked for a BB after the merger was announced to get insight into other investors' feelings about this change in direction. I am not fond of this shift as I supported the efforts to isolate the PLS project, drill it, delineate the resource and place it for sale in an upturning market. One would expect a premium price and excellent return on investment. Management has clearly lost credibility with retail investors as evidenced by the dialogue on the BB and rightfully so in my opinion. This merger strategy may not be a bad investment path to follow, but there is way too much that is undefined and a great deal of team building for the MergeCo to come into focus. I would not invest the same amount of funds in the MergeCo that I have in the FCU speculative play as there would be different objectives for the investment. I do not see how management could make this deal at the beginning of a critical drill season where so much potential for significant change exists. The PLS property is truly a World Class Deposit and the source of the boulders has yet to be found. I need to do more research on DML to understand their assets better. I do not see the potential of DML having a better drill season than FCU. Comparing the two companies, I do not really see any synergies that justify doing this deal unless there is a "soft agreement" made elsewhere we are not aware of. I listened to the conference call and Dev to me did not do well at all. He may be able to lead a small exploration company who has a first class technical team and chief geologist by keeping them funded, but I do not seem him as leading the merger company. I have invested in Fission and other exploration companies because of the risk/reward profile that comes with exploration companies with low market capitalization and volatility. It is a good way to build position over time trading the swings. (Currently 60% of my max position). I hope the next 60 days brings us a great deal of information to dissect in hopes of bringing this picture into focus. Thanks to you who share your expertise. I look forward to your insight. Good Luck to All.
Bullboard Posts