RE:Banner,Let's agreee to disagree. The Oversite group did enormous harm to both the SP and sentiment. What good did they do. They cost Fission money & investor confidence and it had nothing at all to do about 'helping' shareholders. It was a ploy to get a couple of 'old' guys on the board!!
It wasn't surprising how soundly they got beaten!! We are now ready to roll.
conscience1 wrote:
I've held this since before the discovery hole, continue to hold between 600-1000k shares and will still have them when RRR is sold. I firmly believe that the Oversight bunch did much more good than harm to my financial situation by galvanizing SH dissention against what would have been a sharp slash in the value of FCU. It may have cost 1-2 cents/share to FCU in legal work, costs associated with a vote, Town Hall etc but it was a close call for Dev, and costly to his reputation.
Hopefully the experience will minimize the risk of any more rushed, ill-advised deals that benefit management at SH expense. The CGN deal, for instance, is win-win in buying plenty of time for enlarging an already-great asset and revising the size upward; we can afford to wait while doing something constructive as the demand pressure builds. A much better deal for me as a long SH.
The whole market is in a state of uncertainty, to a degree the depressed oil price drags on U, and predicting the turnaround is tough. But we do know that reactors are being built right now, and eventually demand will outstrip supply. The demand endpoint in 10 years is probably easy to guess, but the timing of when U prices respond isn't. And the supply chain must increase ahead of the demand by several years. The longer the price stays low, the more sharply it will rise. There's merit in letting the drills turn, and laying low, for the time being. In 2-3 years patience will be rewarded. ( My estimate for bondia - 145M lb, purely a guess from staring at Corebox)
GLTAL