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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 conscience1on Dec 28, 2015 6:58pm
165 Views
Post# 24415520

RE:Thought on the latest deal.

RE:Thought on the latest deal.
Great post solver, and echoes the feelings of many longs who are NOT NXE bashers lurking the FCU board, just ordinary SHs who await the big payday.  There are many more conductors at PLS.  The news brings almost daily stories of new nuclear plants planned, approved, contracted for, etc.

The general tenor of news sentiment has steadily improved over the past several weeks. The CGN partners aren't likely to appreciate gratuitous bonuses and options being thrown around. Think of them as FCU OS on steroids, and with huge pockets.

This is a point where Dev and co. can recover a lot of lost ground and repair the trust  rupture that the attempted DML merger created.  If I were Dev, and had millions of shares/options at stake, I'd eliminate the triple bonus severance, change of control and other bonuses that are ethically and logically divorced from performance, get the admin expenses in line with other juniors as you suggest, and render the whole thing as transparent as it can be. This will demonstrate to the marketplace that patterns have changed, and FCU is a safe investment - for anyone from CGN to a retail SH with a few thousand $ in.  And THAT will move the SP upward while we await a new drill program, updated NI 43-101,etc. 

Dev's own financial benefit will be much greater than his severance bonuses, and the aims of common SHs like us will once again be aligned with those of management.  Nobody will begrudge him in a scenario where we're all on the same page. 

We longs have a great year ahead.   Enjoy good health, experience gratitude for being where we are, and remember those less blessed.  GLTA
Bullboard Posts