RE: Way Down on List.Again, what the stock has done in the past does not concern me, I have made over 35% by accumulating the stock over the last 60 days. Adding as each additional item I researched and checked, verifying the potential valuation.
Cameco is not marching to anyones music - they are the whole band, and the survey that will prove or disprove their assessment comes out of an assay office and gets posted, according to law in a timely fashion (immediate to prevent insider trading) - this is already overdue because assay office is overloaded - just as other Uranium juniors have explained - and whose results are just finishing processing (JNR and IUC for example). Positive news here will move the stock.
Financials have to be filed according to regulation and FCO staff have done so regularly, on time, and without major adjustments that I am aware of in the past. The capacity of the refinery, the amount charged to refine an ounce of silver and the fact that 70% of the silver refining capacity was contracted and operating with the remaining capacity being actively marketed to interested parties are all a matter of public record - this is real business happening now.
If it is showing positive cash flow of ANY significance this will move the stock.
The BFS is contracted through an independent organization and involves cooperation between several groups including bankers that tend to be straight forward and matter of fact. They are not going to be party to erroneous or knowing false news releases or timetables. When it is released it will move the price.
The mine permit, as you point out, is not a done deal. If it were there would be very little potential to make the gains that interest me, and would still carry downside risks associated with operating a mine. Based on your arguements no mine anywhere would ever be put into production. I do not dismiss what you say out of hand, simply weigh your objections against the multitude of positives and, make my own judgement where to place my money.
Personally, I welcome negative as well as positive comments. I listen to everything I can and then decide. As a previous poster said - do your own research - don't be a slave to your greed, or to your fears. Some of your issues I have looked at, and have determined are not a factor in this mine, in this case. Some are legitimate and will have to be watched to make sure they are successfully navigated by the company.
I have no "feeling" about any stock one way or another - how could I? It's just another way of holding money - hopefully one that increases in value. It is good until it isn't, and then you sell it. My definition of good, is a stock that may make you at least 100% in less than 90 days with minimum possible downside. That is why I bought this stock, it is performing within expected parameters, the meter is ticking on the next bump - the uranium release. But as I said that is just one way to make money here.
You seem to focus on the fact that people have lost money in the past on this stock - some a real loss, some just a paper loss - if they hold and the stock rebounds. While I never am happy to hear someone lost money, whether a stock lost or gained money in the past is not relevent to its future. Current events and market forces drive that. I heard one guy say that he thought about buying about 2 million of microsoft - it all looked great, but Bill Gates had already made 10billion - and he didn't buy it because he was stuck on the fact that it had already made so much money it wasn't reasonable to expect it to make more. ooooopppss
Every time I look into your comments and do the research, I keep coming up with more reasons to hold the stock, and I do flag some issues to make sure they are being taken care of as we progress. Buying a stock is not all or nothing, that is why you watch it's progress and evalutate your holdings. I have made money. I expect to make alot more money. When the stock is done with what I belive will be a steady advance over the next 90 days or so, I will recover my initial investment and let the rest take a ride through permitting and (hopefully) increased price in cobalt. When I can no longer expect 100% per year out of the remainder I will consider selling the rest. My current target for that final sell zone is 8-15.00 depending on circumstances - Virginia Gold for instance was a good buy at 1.00 and a good final sell off point of 10.00.
There is no such thing as a "sure thing" but undervalued stocks like this with steady buyers on the boards taking shares to hold and working the price up is about as good as it gets.
Maybe I am wrong - I guess I will let my profits and losses decide that - so far my portfolio votes this one third best of Dec 2005 - I have a few other stocks that have done better than 35% this month, but they did not have the long term (understandably somewhat tired) sellers to move through. I expect this one to be in the top three next month, with results coming out (such as this one,) and 43-101 reports that are being finalized, I am expecting doubles out of several stocks I own.
Again I am not a pro, this is just my opinion, as always you decide what is best for you:)