Let me rephrase... WAKE UP PEOPLE! FCU is trading at a friggin' RECORD LOW! If you allow posters to continue trashing Denison then Denison's share price will go down and take FCU with it!!! IF you continue bashing Fission Management then new investors are going to be turned away by your misdirected and unsubstantiated allegations of Management wrongdoing!!!!! YOU ARE HURTING YOUR INVESTMENT in Fission Uranium Corp.
NOW is EXACTLY when we need to be clearing up misconceptions and getting the Fission train back on the rails!
BUT, if you focus on talking about how you hate the deal because Fission owns a fantastic resource called Triple R, the best in the world, then FANTASTIC! Investors might get excited too and start buying FCU shares, pushing up our share price!
It's your shares and your company. If you want to keep shooting yourselves in the foot and let others on the board do that to you as well... then YOU DESERVE WHAT YOU GET!
That's the positive bloody message that you need to send out to the Investment community who are wondering whether or not to invest in this company.
This is NOT the time for bashing... it's the time for focusing on the positives and attracting new investors so we can get moving up again! Good Night!
quakes99 wrote: At Friday’s close the market dealt Fission Uranium shareholders a harsh new reality – an all-time low close of $0.64 for FCU, not seen since FIS closed at $0.64 on 21 June 2013, over 2 years ago. Only those shareholders that bought FIS/AMW before June 2013 are above water. None of us in our darkest moments expected we would ever see this happen given the massive upside surprise in January’s Maiden Resource Estimate and an equally strong and “Robust” NI 43-101 Preliminary Economic Assessment released just 3 weeks ago. These truly are desperate times for Fission Uranium, no matter what the reasons may be.
However, if the leaked results from early voting at the polls are true, there is an overwhelming rejection of the proposed merger coming on final vote tabulation day October 14th. For the majority of you that will come as no surprise, but 80% NO so far is not just a timid disapproval for the terms of the deal… it is a massive rejection that speaks volumes on the resolve of FCU shareholders to hold out for a better standalone future for Fission. One that is able to withstand predatory attempts to acquire the crown jewel of the Athabasca Basin for anything less than the historic fair value of Basin deposits at the $10/lb of U3O8 minimum… an assessed value of at least $1B to $1.5B… or as letsgetready has stated, $2B for 200M lbs with continued expansion through another Winter drill program. In spite of Friday’s record low close, that dream may still be alive and well amongst the majority of Fission shareholders.
BUT, we have a problem. Timing has been such that the chaos and uncertainty created by the proposed merger has occurred at the worst possible time, in the middle of a global commodity rout that has decimated many resource-related companies. Faith in China’s ability to continue to lead a global economic recovery has waned, which has put downward pressure on energy, metals, mining and all speculative investments such as Uranium… and a weaker Chinese economy has raised some doubts on whether China will follow-through on its commitment to expand its Nuclear power program that will increase demand for Uranium and push U3O8 market prices higher. That has further undermined confidence in Fission and the U sector overall.
As well, since the release of the Management Information Circular last week, the Fission Bullboard has seen an unrelenting frenzied attack on the proposed merger and its terms, the assets of Denison Mines, and the reputations and credibility of Fission’s Management team. The Vote No campaign has ramped up its condemnation of the deal and everything associated with it, creating a unified anti-merger coalition and even leveraging social media to spread their message throughout the broader investment community. If the leaked early returns showing 80% rejection are to be believed, then the No campaign will be claiming responsibility for mobilizing the No vote and having a far greater impact on Stockhouse and beyond than even they anticipated.
For impartial observers reading the posts and their negative messaging, the bullboard has been like watching Fission TV with a constant stream of negative attack ads. In what seems like “mob justice”, the campaign has led to a demolition party at the house of Denison Mines, the assets that they hoped to combine with ours to fuel our collective future growth. With crowbars and wrecking balls flying, the Denison house has been trashed and, coincidence or not, DML’s share price has fallen and FCU’s has tumbled with it.
IF you believe that the No campaign has been successful at trashing the deal and getting out the No Vote then you must also accept that the negative messaging around Denison Mines may have played a role in driving investors away from DML, the merger, and FCU by virtue of that “anchor” you say is holding us down.
Those who have worked election campaigns know well that those doing the mud-slinging end up with a lot of mud sticking to them as well. And the problem in our case is exacerbated by that fixed 1.26 ratio that ties our share price to that of the muddy target, DML. As that DML anchor gets heavier with all that sticking mud, its weight continues to pull us even further down with it. Investor confidence in both companies gets hurt in the end.
There MUST be a change in strategy if Fission Uranium is going to better survive these next few weeks leading up to the vote!
It seems to me that what is needed NOW more than anything is to change your message to be “Vote NO for a Stronger Independent Fission Uranium Corp.” The damage has been done to Denison’s house, and FCU Management has also been well and truly tarred and feathered, and continuing to follow that course of action provides no positive incentive for investors to buy shares in Fission Uranium. Share prices move up when new investors see promising signs of future profits, and are willing to buy into the dream and bid up the price and continue to buy as prices rise. And that also requires the sellers to reconsider dumping their shares and to stick with the dream as well. There needs to be renewed confidence in the ability for Fission Uranium to continue to expand PLS and yield significant gains in the coming U market rally, and become even more attractive to potential acquirers so that they are willing to pay a higher price.
What’s needed now is to put down the crowbars and chain up the wrecking ball... and instead pull out the paint brushes, the saws, hammers and nails, and get started on the renovations and upgrades to the Fission house to raise its attractiveness to investors and prospective buyers. The need for home improvements has never been greater!
In my view, that’s the only way we are going to get through the next few weeks without seeing further damage to our share price as it tests this historic support level. As bull_man, for one, has been saying over and over… we need to focus on what’s GOOD about Triple R, PLS and Fission Uranium. We need to go back to talking about the great Economic Analysis in the PEA, the fantastic summer drill results, R600W, and the latest discovery of a new mineralized zone along the Patterson Lake Corridor on EM conductor PLG-1B. We need to draw attention to the characteristics of the Fission swinging-single that make her so desirable to potential suitors – her shallow high grade resources, the rapid cost recovery she can provide once in production, and her ability to deliver profits even in a low U price environment given her very low operating costs, the lowest in the world. As I demonstrated in my Sensitivity Analysis, the NPV rises at a much steeper rate as more resources are added to the RE. The fixed capital costs remain the same while overall mine life and cash flow continue to expand. Triple R is a potential money-printing machine that is the best ever discovered in 40 years, worldwide.
Those positive messages are what we need to be spreading on the Stockhouse bullboard, social media, and through discussions and emails with friends, family, colleagues and the broader investment community. Election campaigns do this all the time… turn a No Vote into a positive action! Set aside the mudslinging and negative attack ads and replace them with a “Vote NO for a Stronger Independent Fission Uranium!” message that could keep existing shareholders in the fold and attract the new money needed to get us back on our feet again.
If we are going to be successful on our own, we also need to keep what we have that has been instrumental in discovering, proving up, expanding resources through effectively financing so many successful drill programs over the past 3 years. We are going to need to raise more funds next year to continue to move PLS forward, even if at a slower pace as some of you are recommending. We will have enough funds to carry us through a Winter drill program, if we get that far, but by next Spring we will likely need more cash unless U prices have significantly risen and/or potential acquirers have been making new takeover offers. Fission has been incredibly strong in uncovering a $Billion+ resource by raising and spending only $76M to prove up a $1,020M NPV post-taxes U3O8 deposit… a 1215% NPV return. That’s the kind of information that investors want to see, to give them faith in Fission’s ability to deliver the future gains they expect on their investment!
Anyway, for what it’s worth, that’s the path I believe needs to be taken in order to rebuild, renovate and redecorate the Fission house to make it more attractive to investors and potential buyers. Turn the NO message into a positive catalyst for positive change, an increasing Fission share price, and a better takeout offer down the road past October 14th.
If you oppose the merger, then Vote NO for a Stronger Independent Fission Uranium!
Stay long and prosper!