Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

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

Fission Uranium Corp

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Comment by losecashon Aug 29, 2015 9:49pm

184 Views

Post# 24062832

RE:RE:LAWMAN'S ANALYSIS OF A "NO" VOTE .... A SUCKER PLAY

letsgetready wrote: We're dealing with a bunch of scaremongering fools on the yes side. jeez. What a bunch of sh:
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Wisdomwithage wrote: Well "NO" fans, here's a little nourishment for you. So you want to nix the merger deal and go it alone as an explorer, I repeat EXPLORER, do you? The following simple exercise should be fun........

Let's see now, assume all funding is done at .75, altho that's dreaming:

Scenario A] (FCU goes it alone)

current O/S (fully diluted):                                                                                 ~ 500,000,000 shares

agreement break penalty ($14M funded by selling shares + Fees etc.:            ~ 22,000,000 shares

funding needed to continue exploring, say $5M: another 7M + FF etc. or            ~ 12,000,000 shares

development costs (including consultants, applications, hearings etc.: $5M)~ 12,000,000 shares

mill construction costs (min. $1B, equity funded, if possible):                    ~ 1.4 B shares

myriads of management and sponsor options                                                 ~ 100,000,000 shares

When the dust settles your dream FCU O/S, going it alone, would be, oh, around 2.3 billion shares. Oh, and the share price by this time, with that dilution, would likely be trading around .005 - .01!!!!

Scenario B] (FCU continues to explore, waiting for a White Knight to appear]

current O/S (fully diluted):                                                                                 ~ 500,000,000 shares

agreement break penalty ($14M funded by selling shares + Fees etc.:            ~ 22,000,000 shares

funding needed to continue exploring, say $5M: another 7M + FF etc. or            ~ 12,000,000 shares

myriads of management and sponsor options                                                 ~ 50,000,000 shares

Should a White Knight come riding in to save you, they see the one average deposit, look at the fully diluted O/S and then, assuming you're still trading at say <.50, offer="" you="" .70="" equivalent="" in="" their="">

Boy was that ever a homerun for all of you who nixed the DML offer.

Well, did you enjoy the hypothetical exercise? So keep bad mouthing the DML/FCU merger opportunity, and insulting those of us who are trying to give you a reality check. Fortunately you "NOs" are a small minority of the votes to be cast.

And finally, a review of the postings over the last 2+ mos. since hyper-negativism has taken over this board, clearly indicates that most of the positive individuals have stopped posting. What's left are individuals living a pipe dream. Good luck with your dream!!!!!!! You'll need it.