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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 teeveeon Sep 27, 2015 9:48am
153 Views
Post# 24139027

RE:UNCERTAINTY

RE:UNCERTAINTY
bull_man wrote: we've been living with this for almost 4 months;  in every day life, peope hate it!  analysts hate it!  investors hate it!  the entire market hates it!  and that's what we're stuck with until this merger deal is quashed;  good news won't move it; we're attached to the 1.26 factor until it's voted down and confirmed....once and for all;....and forever, understand dev???  we do NOT want to be associated with DML, ever again, got it???  it is a "penny stock", diluted to the bone, with maybe a quarter of FCU's value; that's not the message we were given and invested our hard earned money in; some of us a good chunck of our future because we thought this was finally the one; the 3, 4, 5...10 bagger that we always dreamed about, or put confidence in the management team based on their publisized conviction to do so;  happy sunday all.

bull_man,
I believe that the only investors who made a 2,3,4, or 5 bagger are the shareholders who sold, or short sellers from near the top. Given the metrics in the PEA on the front end costs, in my opinion, PLS will end up sitting as an undeveloped uranium resource for a very very long time.
This is the unspoken reason for the merger with DML, so PLS can sit on the shelf along with DML undeveloped resources, hoping and waiting for better times and markets, both for uranium prices and equity financings. First, the uranium market is soft right now; second, there is room for brown fields uranium production expansions at Cigar lake and McArthur River,  and ISL projects; third, PLS has been surpassed by Arrow. At best, FCU is dead money, and given the burn rate on the treasury, the share price is likely to come under further pressure.  
Bullboard Posts