WHAT'S HAPPENING? What is going on behind the scene?....... (I may be off in some of my facts, but it is the big picture I want you to see)
If you will recall, when the eighty million dollar deal was announced between Fission and China (CGN), we discovered Dev had negotiated with them for months to make that happen. I guarantee you that when it is announced that a developer has made an offer for Fission, we will learn that months of back and forth will have also taken place. More than likely that is transpiring at this very moment.
Fission recently shifted gears and suddenly announced they were doubling the number of holes to be drilled in the present winter program. The big question was what was behind this change? True, there has been some positive upturn in uranium, but has it been enough to warrant this change?
When Fission announced they were altering the three year plan for spending the 80 million to five years, as a former manager, I could understand their decision was because they saw the possibilities of a uranium upturn extending beyond what had previously been anticipated. However, I was upset and expressed myself, for I strongly believed we should be more aggressive in proving our project as NexGen was doing. Fortunately, Fission remained flexible to make changes should the situation demand it, and that is what they did.
Most posters are believing it is business as usual, but I have expressed my belief more is happening than meets the eye. I stated that I did not believe Fission was trying to appease the shareholders or to recruit new investors. First, we have all the funds we require and we do not need more investors to share our pie with.
For an answer, let's look to the news. I and others have long contented that our best suitors and possible buyers are China (CGN) and France (Areva). It has just been announced last week that they have combined forces and formed a partnership. China is building more reactors than anyone else and Areva makes reactors and is desiring to be a major provider of fuel for the reactors.
The stars further aligned by Canada simultaneously becoming agreeably to Euro countries owning a hundred percent of a company in Canada.
Considering all of this, I will stick my neck out and say that when a buyer for Fission comes forward it will be the China and France partnership and it will be revealed that it was in negotiation in February, 2017. That is why I am saying this increase in holes was to prove to them we had the best and largest shallow deposit of uranium available in the world!
I further predict a deal will be on the table at the end of the year!