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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 flemingson Sep 23, 2015 11:24pm
161 Views
Post# 24130401

RE:Where do the biggest investment dollars come from?

RE:Where do the biggest investment dollars come from?quakes wrote "
Right now Fission is still high risk that has little appeal to any but the few investors who want to speculate on a Uranium play... like us!  That's why we're here.  But there are Billions of dollars sitting in accounts that have Money Managers looking for a place to put some of those funds when a Uranium rally comes along.  Fission is a one-asset company with higher risk, so it doesn't have the attractiveness that Money Managers are looking for.

firstly, up until 2 months ago, everyone including you quakes was referring to PLS not as a "high risk" exploration play, but one of the most de-risked plays around,  while the subsequent PEA only confirms that fact, secondly, i don't recall any issues with raising funds, with the last offering raising enough cash, as we were told, thru 2016..  so, no issue there to me either.. even if no suitors bight yet, whats wrong with slowing down, cutting budgets, raising less cash, diluting less, digesting and assessing the situation with all the great numbers to come while sitting tight, drilling less quantity, more strategically, laying off a person or team or two..  there's nothing wrong with breathing and reassessing, but a whole lot wrong with rash, unpopular, seemingly one sided and self serving reactionary stratagy that needs rhetorically rationalizing to unsettled investors as management and others have done..
all my opinion..
flemings
Bullboard Posts