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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 Nov 06, 2015 10:08am
70 Views
Post# 24265956

RE:serious questions

RE:serious questionsThe share price does not matter to management and the board because they are entitled to 10% of the share capitalization via options so they never suffer dilution. It therefore doesn't matter what price  funds are raised at to continue paying the travel expense, G & A including very generous salaries, just as long as buyers are willing to step up and think they see value. If the next financing is largely flow through, I would consider it tantamount to a death spiral financing resulting in ever lower share price. 

GiveMeSomeRoom wrote: Do we hit a new low today ? At what point do you guys sell ? You're not seriously going to hold all the way down are you if it keeps going that way. For the love of it please stop all drilling for two years ! How the heck are they going to raise funds going forward ? Crazy in my opinion. Good luck


Bullboard Posts