RE:RE:RE:Turkey run has began Siber,
i disagree with you.
considering my current position 2 bucks sounds great but I'm not there yet (not that low). Would need a CRA nuclear (worst case scenario for CCO) and send these accused tax cheats a message to get me that low..but anything is possible. Nobody likes a company that doesn't pay their fair share, and I don't care about their 10 thousand dollar donations to local hospitals..that's an insult.
i also strongly disagree with your buyout conclusion. Nobody is buying this trash can on wheels. It's a dumpster fire fuming tovic smoke through the whole sector. How can you value this company? It has 1.9 Billion in debt and growing with a serious cash burn problem. maybe they are throwing the cash in the fire lol. Then tack on possibly a win with CRA or more likely a loss up to another 3 billion (including 2014-2016) and now you have debt higher than assets at current commodity price. And to boot you have 12-24 months of this going on.
Spot prices are at decade lows.
Meanwhile we will find out if any other rats (current customers) have jumped ship by this QE. Another customer or two who have bailed out of their LT contract and the longs will be talking about the good old days when we were 11 bucks.
But please folks other than a net 50-60 new nuclear reactors globally in the next 8 years please give me another reason to go long this company (the sector interests me more)?
If you reallly like Cameco (for what ever reason buy the paper). It's trading at 52 week lows as well but at least it's above water. And in a worst case scenario you are in front of the line to get paid.