Fission Uranium Corp T.FCU

#uranium

[GovernanceQP]

There are a lot of people on Twitter that have a lot to learn with regard to investing in uranium stocks and if they hang around long enough and they possess some very basic observation and analytical skills then they will learn eventually.

My guess though is that the majority of these #uranium investors will not be around for the longer term being plus 5 years from now and therefore they will ultimately walk away with a misguided understanding of what the realities are.

In some part I blame most of the stock promoters and a number of the uranium company executives that publish a lot of nonsense.

From a quantitative point of view and for reference if you think John Quakes is on top of things and has a good understanding of what is and can happen in this space and based on what he tweets and the amount of investigation work I have done in the past (not so much now as it takes a lot of effort) I think John Quakes covers around 10% of the uranium space and all its nuances that I have previously looked at and attempted to understand and I still feel as though I failed in a number of respects with regard to understanding stuff one reason being because people will not freely tell you what's going on.

I can say with some confidence that there is so many forces and interests at play in this uranium space that no one on planet Earth is what I consider a definitive source of knowledge and if people are giving others this title or happily wearing it then they are misguided.

There are many unique corporate circumstances on many levels in a relatively small space that makes this space a very risky space to invest in.

Just my humble opinion.

Lastly, I am not totally knocking this John Quakes character as I think his work in general is of some benefit to some people with regard to the macro.

[GovernanceQP]

And one more thing which is very relevant - detecting possible misdirection ( a skill that most do not possess ).

[GovernanceQP]

I will give an example of the level of nuance in this space and I am going to post in general terms because I no longer keep notes on any of this sort of stuff and some of this stuff is rather complicated too. There has been some research done on various uranium mine inputs one being how economic conditions affect not only the price of a leachant such as sulfuric acid but the costs involved in

[settoretire]

So Gov, you finally have seen the light. As you stated. " Only invest in the best", so your dumping Nexgen and buying Fission I presume. Good move.

[GovernanceQP]

settoretire if you are hoping to retire on the back of your FCU investment then you at best perhaps will be waiting until the 2030's - you better watch the FCU Red Cloud presentation. Ross is estimating that FCU will not be going into production until the end of this decade. And Greenday for the record Ross is stating that there is nothing much of anything going on between FCU and NXE which

[Uraniuman308]

in 10 years FCU will probably be waiting for their 5th FS.  Unfortunately with the offtake FCU has backed themselves in to a corner needing to go in to production as I believe the CGN deal removes any takeout potential.  Something to think about, over 10 years shareholders will pay Ross 5 million....FOR WHAT!  JMO  

[GovernanceQP]

There is a price for everything but in the case of FCU I don't think it will be very much at all but more about this later as I am interested in what some of the FCU shareholders here like Greenday and gizard16 have to say about this FCU Red Cloud presentation. And additionally I am not going to shy away from the fact as an NXE shareholder I am getting more and more excited at the future

[Uraniuman308]

ross did a good job "skirting" the question as to whether or not CGN is a supporter in terms of financial backing...he confirmed they are supportive but no mention as to finding...why would they!  They have up to 35 % of production on favourable terms without spending another dime!!  They haven't even maintained their percentage ownership so that says a lot.  JMO

[GovernanceQP]

When Ross was asked the CGN question the very first thing he did was to readjust how he was sitting. His involuntary reaction indicates to me that the CGN subject matter is possibly a sensitive one for him. There is also a possibility that Ross has been coached as to how to deal with any CGN questions and his readjustment in his seat was a sort of preparing to go into battle with respect to the

[GovernanceQP]

This is for the lawyers out there that possibly come here to read stuff. I am not saying or implying that anyone connected with FCU has done anything illegal at any point in time.

[Greenday]

@ GovernanceQP - Hey Turner.  Anything that reduces FCU's and NXE's capital costs is beneficial  and would be reflected in higher share prices for shareholders of both companies.  Sounded very much like Ross and Leigh have been exploring the possibilty of sharing the cost of some infrastructure.  Would not be a surprise if a MOU on capital cost shareing is announced

[GovernanceQP]

There is one little problem with your thinking Greenday and that is that companies tend to and should do what is not just possibly good for them but what is possibly best for them. For you Greenday and other FCU shareholders recognising this may help with preserving what is left of your capital - it is a free world though so you and others are free to make your own choices. 

[Greenday]

@ GovernanceQP - Hey Turner.  You should read what you posted.  Do you really expect anybody to understand your muddled gibberish?

[GovernanceQP]

I am not surprised that you struggle with certain aspects of what I communicate Greenday.