Anders Profile picture
Apr 18 5 tweets 2 min read Twitter logo Read on Twitter
Financing is here, looks like a good deal to me, at a 34% premium to the market price. Shows investors really believe in $FUU #uranium juniorminingnetwork.com/junior-miner-n…
That also explains the heavy selling after the end of the spectacular winter program. Some big investors probably knew that they could participate in a financing and also get some warrants...
Since the financing is done at a premium, it should not affect the share price negatively imo.
But the best thing of all is that an aggressive summer program now is fully financed, no doubt about that. I hope it will be even bigger than the winter program. We should now have enough cash for 30-40 holes. $FUU #uranium
No reason to hold down the share price any longer. True, participants will have the right to sell, but they will want to make some money when doing it, so that won't happen before we are over 50 cents imo.

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More from @Swedish_uranium

Apr 20
The $FUU JR Zone starts looking more and more similar to Cameco´s Cigar lake:
Cigar lake has the form of a flat, elongated lense. It is 20-100 m wide, 1,950 m long and ranges up to 13.5 m thick, with an average thickness of 5.4 m. #uranium
Average grade at Cigar lake is 17.2%.
The $FUU JR Zone has the form of... a flat enlongated lense... is for now 15-50 m wide, 105 m long and ranges up to 15.5 m thick with an average thickness of 10.3 m. RedCloud estimates the average grade to 4%, but then they include the weaker
015N line, otherwise it would be 5%. Remember also that the grades and widths for now increase going south, so it is possible the avarage grade soon will be more like 6-7% or more. So while Cigar lake is higher average grade for now, our mineralization is almost twice as thick.
Read 10 tweets
Apr 17
Now it is confirmed that PLN23-060 is the best hole to date. A peak of 65.2% is the highest so far. 14.5m interval averaging 9.4% U3O8 is the best interval so far. $FUU #uranium
Some other great interceptions as well, on line 30S and 45S, showing we have a continous ultra-high grade core: $FUU #uranium Image
Read 5 tweets
Apr 15
Looking at all the cross-sections on the F3 #uranium $FUU website, and it actually looks quite amazing. In orange you see the A1 shear zone where all the mineralization has been found so far. It is ultra-high grade, thick, long and wide. Image
We may already have 15-20 million pounds, and as the last holes show the mineralization is getting even wider and stronger to the south, another 15-20 holes to the south in the shear zone could double that number. But look how close we are to the unconformity. Looking at other
deposits in the Athabasca basin, they are practically all in contact with the unconformity, and the $ISO Hurricane deposit is overlying it: Image
Read 6 tweets
Mar 31
This morning I compared $ISO's best hole LE20-76 to $FUU's best hole PLN23-060. Look at these photos and guess which hole is the best... #uranium
First, you have this photo with the scints from LE20-76. There was 3.5 m of offscale, but around that only weak #uranium mineralization. Image
Here you see the assays of LE20-76, really spectacular with 74% over 3.5 m. They include another 4 m to make it a 7.5 m interval, but those other 4 m are insignificant, just as in the scints. Image
Read 14 tweets
Mar 31
So now it is confirmed: the only addition to $URNM #uranium ETF is $FUU. Yesterday they bought 1.8M shares. Comparing to others with similar mcaps like CUR and Goviex, weighting should be around 0.45%-0.50%. This means around 12-14M shares. Today we will see huge buying orders.
Let's hope $URNM has to pay up today and buy a big part of those around 10-12M $FUU shares remaining to be bought on the open market #uranium Image
Trading in $FUU was not what I hoped for today, block trades on agreed prices so that $URNM can get their shares at a good price. Anyway, ETF manipulation is over and this inclusion will give a lot of support when the sector is rising.
Read 5 tweets
Mar 28
So, today I have been studying the maps in the $FUU news release to get an idea of how Ray and the team choose where to drill. Look for example at this one on line 060S. On February 21, they reported hole PLN23-052, which was good but not reaching off-scale #uranium...
After this, the $FUU team tested about 20 m down-dip on the same line with hole PLN23-058 which was only very weakly mineralized. But the team knew the really high grade was there somewhere, probably the gamma logs indicated this. So they drilled up-dip, only about 10 m from...
PLN23-052, and now they hit the jackpot in PLN23-060 with the best hole to date. What do we learn from this? The more weakly mineralized holes so far don´t indicate we are anywhere near the borders of the JR zone... $FUU #uranium
Read 8 tweets

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