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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 07, 2015 4:59pm
155 Views
Post# 24083887

RE:Question

RE:Question
I read the same thing but can't recall specifically who wrote the comments.
It occurs to me that the Houses won't be too impressed if the Management have a built-in 8% bonus in the Agreement. None of the Houses want to see that much value disappear from the merged company in one stroke,(unless they're shorting)

All along I thought, like many, that management's intetests were aligned with those of FCU shareholders.  Maybe they still are.  But if they award themselves anything like 8% of the value of Mergeco, it'll dwarf Dev's profit from a sale at, say $3-4.00.  This is where their interests could be decoupled from ours.  We MUST know if/how management is being treated by the merger beyond knowing that Dev would be CEO and Ross Chief Geologist

If the circular doesn't contain details of management compensation, or  provides details of excessive compensation, we have reason to be very concerned.
Hopefully, the R600W news is forcing some bidder's hand in London, and the ball will be rolling soon.  Or one or more of the Houses will object to potential excessive loss of Mergeco value, if it's being comtemplated. 

Another good reason to vote No.
Bullboard Posts