Food for thoughtI tend to side with Plimbo/Plumena on the spot price and how it effects Fission. Although I have PM'ed Quakes multiple times and respect his opinion highly (have stated this on both the CCO board and FCU board publicly as the only long to follow), I tend to disagree with him on the effects of spot price on an exploration company.
While low cost producers can buffer their income/sales with higher priced LT contracts, this is not the case for an exploration company. Low spot prices means the market is a wash in Uranium. The primary goal, if I am correct with FCU, is probably to be bought out. The long shot secondary goal is to bring this deposit into production by the existing team and CGN. Neither will happen with low spot prices as the market is telling you that the world does not need a new producer.
Things will change and the best cure for low spot prices are low spot prices. But this goes lower before it goes higher. December would be the earliest to buy this stock IMO. Just follow the data.
