Topic: How To Invest

Pat and gang: Could you please give me a quick opinion on the following two stocks: Fission Uranium Corp. and Spartan Energy Corp. Thanks so much!

Article Excerpt

Fission Uranium, $0.66, symbol FCU on Toronto (Shares outstanding: 483.9 million; Market cap: $338.8 million; www.fissionuranium.net), is focused on its Patterson Lake South uranium discovery just south of Saskatchewan’s Athabasca basin. Fission aims to build a profitable mine on the property, which it believes holds one of the world’s largest uranium deposits. It is now investing $7 million in a winter drilling program at Patterson to prepare a prefeasibility study on the economics of building the mine.  Last year, Fission rejected a $483-million merger with Denison Mines, symbol DML on Toronto. However, in December 2015, China’s state-owned CGN Mining bought 97 million Fission shares at $0.85 per share, giving it a 19.99% stake. CGN and Fission also plan to finalize an agreement for CGN Mining to buy all uranium production from Patterson if a mine is built. The arrangement stays within Canadian foreign investment restrictions on…