Fission Uranium Corp T.FCU

FCU stock needle : stuck in the dead zone

[Solver]

 
An exploration company is only as strong (share price) as the management behind it.  Rule one of investing is to invest on the basis of a competent management with a track record of good judgement and solid/honest business practices.  With the termination of ESO to present FCU, we were forced to accept the management that came with the deal….. including any questionable past business practices and obvious inexperience.

Nothing is clear and there is no real future vision with present management even though we have the best discovery in 40 years and there are many on this board trying to evoke a yes vote.  Quakes reminds me of an army tank with one set of threads turning forward and the threads on the other side turning backward going around in circles digging himself in deeper into nowhere…… firing his big FCU posts armed with the ifs, maybes, could be, possibilities, scenarios, but no clear target……..seemingly ignoring the realities of why FCU shareholders are in this position now.

THE REALITY

FCU management have made 3 major blunders at this point and are heading for a 4^th.

 #1) Unnecessary dilution of FCU shares, treating the investment with impunity and overconfidence, like there is no end to it……..beginning of share price decline.

#2) Buying into FUU with the dilution funds when FUU contained only moose pasture….nothing proven.  Even though I own FUU, I thought that this was an extremely poor decision……..share prices then accelerated the FCU slide.

#3). Tying up our winning racing sloop by attempting to merge with a rusty dilapidated garbage scow stranded on a sand bar, which for many years has sailed nowhere, produced nothing for shareholders, and is trying to dump its garbage in Mongolia and perhaps Africa and who knows what else……..FCU needle down severely and firmly stuck in the doldrums! (present situation)  No wonder the stock bears were attracted to it and sold off.

#4) And now talking of production, the deadliest blunder……realistically 10-15 years ahead….with management that has no mining or production experience and a record of demonstrating poor executive decisions in explorations.  Right put them at the top positions!    NOT!!!

In Ross’s last statement (and one better read the disclaimer and tune in to the forward looking statements…they are there for a reason) he starts “management believes”. 

We’ve seen the results of what “management believes”……… stocks way down.  Yes some of it due to market conditions but certainly not all.

He states: merger will attract investment……….but at what cost?.....mega dilution of course……..When do investors give their money away without re-payment?  The pittance from Mongolia and from their mill income will evaporate in a couple of weeks building a mine and production facility.

He states: given the right circumstances…..in other words if were LUCKY....not what I want to hear from my investment leaders.  You make the right circumstances…… not given.

He states: Something unpredictable could give us a major benefit…..so ridiculous that it does not have to be explained!

He states: DML merger will give us expertise in building, mining and producing U3O8 and puts us in a stronger negotiating position…..really?  Their expertise has killed their $15 stock to about $0.60.  Even (former CEO) Mr. Farmer could see the stranded sinking rust bucket way back in 2009 and wisely left!

Management is the weak link of PLS and must be replaced. 

Let’s buy Ross a new rock hammer, backpack and let him get some fresh air doing what he can do…..feed a few mosquitoes chip a few rock samples for FCU and FUU, but out of management.

Since Dev. Is so attached to the garbage scow, I have no problem letting his valuable judgement and services continue with DML.  We can even give him a good-by bonus as he becomes captain of DML.  (Dah Mega Leech).  We will allow him 50% of the value he has produced for the FCU stockholders.  So Mr. R. Sign over ½ of your shares to FCU and follow your dream with DML, but leave our FCU alone!!!

Have just returned from a northern Sask, fishing trip with friends….technical, professional, those with extensive mining, milling, and production expertise and experience…and to a man those invested in FCU are disgusted with the idea of a merger.

They think that my idea of re-locating a decommissioned processing facility from say Rabbit Lake or another, to the West Athabasca region, has merit as there are sure to be other western discoveries in the future.  Bring the mill to the ore bodies and not the ore to the mill.  Time saver with all the main recovery cells in place, and only need the metallurgy to adapt the secondary recovery units.  But NOT under DML management.   Just a thought.

My friends will vote NO on the merger as I will!  

Always remember your personal DD.

I seek freedom from the merger trap, and safe harbour for our beautiful ship FCU and for myself!

Solver