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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 conscience1on Sep 06, 2015 8:55pm
216 Views
Post# 24082994

RE:RE:RE:RE:RE:Thanks but no thanks

RE:RE:RE:RE:RE:Thanks but no thanksbang on, neofinetia. Another possible logical explanation to this Agreement (which itself defies logic) is that it was never constructed with the intention of surviving a vote. Why would FCU spend money, at $80-100K per hole, to widen the value gap between FCU and DML? I can't buy the Dev ego/CEO idea. Compared to a potential triple or better on selling FCU, if Dev has ca 8million shares, he becomes a wealthy man within a year or so. He'll have plenty of loot, even after-tax, to wheel and deal to his heart's content. I have an ego too, but I'd take the money every time. This is just wondering out loud, but if he and the rest of FCU management really wanted this to succeed they might have insisted on better terms. They probably had some inkling of the PEA report, and certainly aren't wasting any drill holes on Forrest Lake so far this summer. It's served the purpose of keeping the carrion birds away over the summer. Ross' drilling has been amazing again, the market MAY be waking from a long cold sleep, and they're hanging out in swinging London with all the potential suitors. Maybe they want this to fail as badly as we FCU longs. DML's management may genuinely have felt that this was a sincere gesture from FCU when it was anything but. Maybe I'm just sleep-deprived. Still voting No to the terms we have in front of us. Try again, DML. Or do some drilling of your own, or sell more iffy claims for primo prices, or something BIG to justify this deal. Or announce an amendment to the terms. Quick. Many of us will vote as soon as we get the forms.
Bullboard Posts