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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
Post by conscience1on Oct 03, 2015 6:19pm
220 Views
Post# 24160735

Not to put the cart b4 the horse but..

Not to put the cart b4 the horse but..
Suppose the No side is far ahead and the Town Hall meeting is being held to present an improved offer.  It'll take time for SHs to properly study and vet that offer, looking for

1:Means of compensating FCU for its achievements of this summer, not represented in the first merger offer.

2: Denomination that isn't 100% DML paper, which is too unreliable (evidence being the DML SP over the past few months, and dragging FCU SP with it despite the PEA and drilling success FCU has had.  All-cash at $10/lb US  is the gold standard. 

Tight market I know.  Let's minimize expenses for a year, get revised RE.  The mining world knows where and what RRR is. No need for expensive world touring.  Mr Randhawa can devote time to all his other interests (ideally ot the other companies' dimes) while Mr Mc Elroy works some more magic.

3: Elimination of guaranteed bonuses, especially those valued in $C but paid in ever-shrinking DML paper/larger share #.  The math on that is pure opportunistic robbery, putting it mildly.

4: Introduction of bonuses based on MERIT. i.e. a good deal that serves the interests of FCU SHs is rewarded by bonuses/options IF WARRANTED, rather that expected as an entitlement by management regardless of the quality, timing, effort and outcome for SHs.

5: An oversight system that includes a SH from the No group, or some individual with business experience who isn't part of the inner circle that hatched this rotten egg.  We need a watchdog in the henhouse with the foxes. The analogy is having one of the local First Nations Chiefs on the Board to keep an eye on the potential environmental impacts, and ensure that the local communities' interests are served (good, safe employment and standards, etc)

We can't have a repeat performance of this Greek tragedy.  Current management must appreciate that this is a softer approach than outright mutiny, and be willing to work in an open kitchen where we can see what they're putting in our soup. 

I hope they see this before Tuesday. 
Bullboard Posts