Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

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

Bullboard Posts

Comment by stanleyon Sep 10, 2015 7:31am

148 Views

Post# 24091756

RE:RE:Merger a low ball bid in disguise

Lurk & Learns + Rock9011:

Background: As a shareholder of mining shares, I have been on both sides of mergers and acquisitions, mostly plan of arrangements where management is in favour of the offer and convinces the board to support same. However, most of the valid debate IMHO centers on/around FCU's autonomy.

Rock9011: Since the announcement of the proposed merger, albeit in probably the worse market in decades, we've seen very compelling arguments for both the NO and the YES side going into the DDD.

Assuming the role of "mediator", I believe that at the end of the day, your claim is what the whole debate boils down to:

RE:
Oh, and don't worry about a low ball bid by any other company - It can be voted down as well.

Someone asked the same question(s) b4 i.e. can a hostile bid indeed be voted down? Can FCU live to see a bidding war? Despite the depressed market is FCU the victim of PPS containment? Is a sell-of on good news coincidence? Can FCU shareholders resist a 30% to the 20 day weighted moving average in a depressed market?

As I and many here are still undecided, with FCU's vulnerability being of paramout concern, I would appreciate your and/or other input on this specific "contentious issue" (aka area of concern) "a low ball bid by any other company - It can be voted down as well".

Point being, if the unfettered autonomy of FCU post a NO vote can be assured then are there any valid grounds left to validate the proposed merger?

BWDIK? Please Advise

DYODD - GLAP

Cheers
Stanley

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