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F3 Uranium Corp V.FUU

Alternate Symbol(s):  FUUFF

F3 Uranium Corp. is a uranium exploration company. The Company is advancing its newly discovered high-grade JR Zone and exploring additional mineralized zones on its 100%-owned Patterson Lake North (PLN) Project in the southwest Athabasca Basin. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone discovery is located over 25 kilometers (km) northwest of Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits. The PLN project comprises the PLN, Minto and Broach properties. The PLN property is located near the south-western edge of the Athabasca Basin. The PLN project consists of two mineral claims covering a total of 4,074 hectares. The Minto Property is located directly north of the JR zone discovery and 28km south of the Shea Creek deposit. The Broach property is located five km south of the JR zone and 22km north of Fission Uranium Triple R deposit. The property sits along the estimated Athabasca basin boundary.


TSXV:FUU - Post by User

Comment by Greendayon Feb 07, 2023 4:24pm
155 Views
Post# 35272869

RE:Points to Consider

RE:Points to Consider@ ybacuo - Lots of good valid points.  Appears that the trading range for the present market news has been established.  Perhaps note though that FUU's short interest declined during the last reporting period.  My guess before the report was published was that short interest had increased but my guess was wrong.  Short sellers were covering over the January 14 to January 30 period and short interest of 2,559,102 isn't very high.  FUU's current average daily volume is 1,636,000 which works out to a low days to cover ratio.  The entire short interest positions could be covered with less that 2 days of volume.

So it can looked at two ways.  An optomistic person will say that sellers believe that the bottom is in because they have stopped shorting and begun covering.  And a negative person such as Karen308 will argue that the small short interest represents little fuel in the tank to start a short covering rally.

F3 URANIUM CORP. 2,559,102 -2,616,843 30 Jan 2023

FISSION 3.0 CORP. 5,175,945 4,607,699 14 Jan 2023

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