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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

Comment by Greendayon Jun 17, 2021 1:28pm
159 Views
Post# 33405056

RE:RE:Trying to create an artificial shortage

RE:RE:Trying to create an artificial shortage@ zum2020 - There are only a few real sellers of uranium.  Most of the tranactions have been churn.  The same material going round and round between traders with end users (utilities) making occasional purchases to supplement their long term inventory positions.  With few end use buyers, the uranium traders have been able to "ask"  down the  price of uranium.  Since uranium stock prices are closely tied to the spot price, traders have been able to short a uranium stock and then lower their "ask" price for pysical uranium.  Then when they lower their "ask" price the few end use buyers of uranium lower their "bid" price and the price of uranium stocks goes down.  

There should be some relief from that trading game once Sprott gets up and running as they will establish a "bid" price in the spot market and prevent uranium traders from churning the same uranium to lower the spot price.  

There is an incentive for Sprott to buy uranium at prices below a miners cost of production because they know that the longer term supply/demand fundamentals support higher prices, end users will eventually run out of inventory,  and because Sprott holds stock options in uranium companies and profits from higher stock prices.
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