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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
Comment by dman34on Jul 24, 2015 9:16am
141 Views
Post# 23955957

RE:RE:News Release

RE:RE:News Release
bull_man wrote: guys, everything commodity related is falling, so what would you expect dev to say? you know the old saying "sell in may and go away", well guess what? it happened again.....anyway, you have to keep in mind that the cycle always turns at some point, and when it does, it's usually with a vengeance; what we have going over everyone else, is the "fact" that we own the best uranium property in the world; we are on everyone's radar when it comes to nuclear energy and its future; timing is everything; will we get $6/lb, $8/lb or $10/lb; it all depends on where we are in the cycle; this merger will never fly, and we'll certainly get a pop right after that, however in my opinion, i's sensing a first bid, around dev's implied $1.40 sooner than later; then it will be a matter of "will anyone else step in?"


Problem is, even if this deal is voted down, Randhawa has now instilled a ton of doubt that he can effectively move this company forward.  It will be tough to gain traction for the share price to move higher. Selling will be immense as everyone looks for their opportunity to get out.   Management cannot be trusted, this is poison for a stock like Fission and there's no other way to sugar coat it.
Bullboard Posts