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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 sudzie191on Dec 02, 2015 11:11pm
117 Views
Post# 24349260

RE:RE:RE:RE:RE:Executive Cash Compensation Comparison - 2014/2015 Fiscal

RE:RE:RE:RE:RE:Executive Cash Compensation Comparison - 2014/2015 FiscalNope, don't drink, but sooner or later, sooner the better, folks gotta realize they better run a tight ship, lol, and even more so when the weather gets a bit rough in the high seas.

And what we would all like to see, I'm sure for the AGM is a plan to focus on adding lbs uranium, and more focussed presentations of information that might attract buyers, lend support to the numbers analysts crank out like $2 per share, and confidence building in the overall management of the project.

Even though I don't agree with the lofty numbers you guys plop out for NXE's resource, Garrett is one smart cookie, a true student of the basin geology. And in my nice chat with Ben, I told him, he should be very proud of his talented son, send him a xmas card, lol.


For 2016, there would be no better situation than a competition for each of FCU and NXE to see who can come up with the most total lbs of uranium as per a 43-101, or in the case of FCU a revision upward. In the long run, a total combined uraniun resource of 300 million lbs is what we need to attract the deep pockets to the area, hopefully by early 2017.

Simple and as clear as that.






PamplonaTrader wrote: Did you stop drinking, Sudzie? Looks like you've had a moment of clarity. These are a solid series of posts.

As I suggested, Dev should step down as Chairman and appoint Frank, an Accountant, as the new Chair.

Dev should also reduce his salary to $1 and return the $3mm he's paid himself for 2014-2015 to shareholders by financing FCU at a premium, e.g. $0.75.

He can raise more money by selling a small royalty to Altius or Anglo Pacific. both have shown interest in Uranium.

Only spend exploration $$$ at the land-based R600W. Barge drilling at PLS can get expensive, esp in the Summer. Drilling on the lake should only be done to advance scoping studies at this point.

Dev can still salvage the situation at FCU, but he needs to take drastic steps to show he is willing to create wealth for his shareholders and not just himself.

sudzie191 wrote: Is there any legal option available for the upcoming AGM to require some of the excessive 2014 and 2015 compensation to be returned to the FCU treasury?

Or failing that, no compensation at all for 2016 or at least be tied to some performance measure.


For example if share price still at 55 cents next AGM, they get zero compensation for 2016, and if share price recovered to $1.30, they get 50% of what they got in 2015.

Clearly they must do something to regain trust, or no fund manager, Sprott, Dundee, Haywood, or anyone else will give them  a cent more funding, no matter what the price.


giz62 wrote: These eye-popping numbers pale in comparison to the prior fiscal year’s compensation, whereby Mr. Randhawa and Mr. McElroy received some $2,600,000 and some $2,500,000 in total compensation respectively.

 




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