Fission Uranium Corp T.FCU

RE:RE:RE:NXE promoters still working the Fission bullboard

[SASKEXPRESS]

My favourite part of all this is I have five figure positions in Fission and also Fission 3.0. I was in Fission before NXE and continue to hold it because I'm patient. Given the quantity of drilling at Arrow, my eyes are drawn there more these days. Anyway, the odds suggest that the NXE missing holes are what I said they were....the 180 stepout scints which are likely soon to be reported. Maybe not all 7 holes that quakes mentioned are 180 stepout but some probably will be. With two drills doing roughly a combined four holes a month in the 180 since July, it's not hard to see this is possible. 

These companies (or their acquirers) will likely work together in some form down the road given one mill is going to get built. I try to stay out of the fights but I'm going to add my two cents where I see a hole. I'm perfectly fine with being blocked by anyone who feels that's unreasonable. 

TimEvans wrote: SASKEXPRESS,

Welcome to my Ignore List.  You point the finger at Quakes perhaps you should look at yourself first.  Your opinions are just that and nothing more!  Perhaps you should look up the meaning of FACTS before you accuse others of not sticking to the facts!  You FCU Bashers are scum bags.
Lucky most FCU shareholders will not part with their shares no matter how much time you spend
trying to convince them NXE is the better stock to own!  We will see who has the last laugh!

Jump back across the fence.and don't come back..........................

Tim

SASKEXPRESS wrote: I suspect that the "missing holes" are in fact, mostly the 180 metre stepout holes which are also denoted with "AR" at the start of the drill number. They have not released scints or assay results for any 180 metre stepout holes drilled in Summer 2016. There is a spring 2016 scint release on June 13th with corresponding assays on August 23rd. Meaning, since the highest "AR" 180 metre stepout hole was "AR-16-90c3", that some of these so called missing holes are quite likely going to be in the next 180 metre stepout scint release which will be released in the near future.

No need for dramatics, let's just stick to the facts.

quakes99 wrote: They still want to keep trying to convince FCU shareholders that things are peachy keen across the fence.  So let's talk about today's NXE news release.

On July 11th, NexGen announced the start of a 7-rig summer program.  That was 11 weeks ago.  At an average 2 weeks to drill 1 hole to 1km depth then by now each of those rigs should have drilled over 5 holes.  The shallow holes at Harpoon should be faster so the hole count should now be somewhere between 35 and 40 holes drilled since July 11th, by that estimation.

On August 11th they announced 4 holes at Harpoon.
On September 6th - 8 holes at Arrow.
Today - 7 holes at Arrow.

That's a total of just 19 cherry-picked holes, leaving somewhere between 16 and 21 completed holes that are unreported, assuming that they are not having technical problems.   However, their news release today is filled with superlatives about the "rapid" progress and "meeting and exceeding expectations."  Doesn't sound like any technical issues to me.

But wait... read what Leigh had to say today:

Leigh Curyer, Chief Executive Officer commented: “The seven rig summer 2016 drilling program has been extended to the end of October 2016 with the focus on continued Arrow infill, expansion and regional drilling along strike from Arrow along the Patterson Corridor. The 2016 drilling season is meeting and exceeding all objectives set at the commencement of the year.”

Did you pick up the fact that he left out the word Summer in "2016 drilling season"?   Why didn't he say that the Summer drilling season is meeting and exceeding objectives?

Maybe the answer is in the drill hole numbering.
There are significant gaps in the drill hole numbers, with no results yet provided for any of these holes in those gaps:

AR16-94cX
AR16-95cX
AR16-97cX
AR16-99cX
AR16-100cX
AR16-103cX
HP16-??

So what's wrong with all these holes?  The TSX disclosure rules say that any news of signifcant material value to shareholder must be reported in a timely fashion. Do we then assume that those other 16-21 holes have no material value to report?

As per usual... it's what they don't say in their news releases that should be ringing alarm bells.  Same goes for the resignation of an NXE Director in the middle of this drill program.  What the heck is going on over there?

And today they announced that they have CA$85M Cash in hand, just CA$5M more than the CA$80M in debt that will need to be repayed unless they can get CEF Holdings to convert that debt to shares... which seems highly unlikely now... plus the interest payments.  And still 7 rigs running for another month.  Get the picture?

JMO