Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 stock-bloggeron Oct 09, 2015 8:09pm
192 Views
Post# 24181387

RE:RE:RE:RE:RE:SELL YOUR SHARES - CEO shouted.

RE:RE:RE:RE:RE:SELL YOUR SHARES - CEO shouted.
r.s.g. wrote: Stock-blogger wrote: "As for the shareholder quesiton about the staff bonus, I run my company and if I got bought out and was going to be responsible for running the new company I'd want my entire team with me and would do everything I could to shut the deal down if I couldn't incentivise my team to join me."
-----------------------------------------------------------------------------------------------------
FCU managment has a fiduciary duty to act in the best interest of its shareholders, not its employees. If you're the ownder of a private company you can do whatever you want, but FCU is a public company. If Dev thought that this was such a good deal for the shareholders then how could he justify walking away from it without his neglecting his repsonsibilities to the shareholders. Dev's comments follow.

“I was willing to walk away from this deal if all the Fission staff couldn’t keep their jobs,” said Randhawa.“I also said there was no deal if there wasn’t a bonus for the staff.”

The staffers will share $1 million in bonus money, about $40,000 each.



He clearly felt that part of the merger being a good deal (and by the way I think it's a bad deal overall) is that the merged company will keep the team that had made FCU so successful and tnat if it doesn't keep the team, the merged entity will be less of a good deal for FCU shareholders. Take the technical team for example. McElroy may have won the awards but he's got some great technical guys supporting him - maybe the best guys in the uranium exploration business. Those are people you want doing your exploration. 
Bullboard Posts