RE:Implications for FCU and othersDreaminthedream wrote: Cameco's write downs and adjustments are a reflection of the realities of the weak Uranium market. It suggests that the turn around is not imminent.
What does it mean for FCU? Well it tells FCU and other exploration companies that CCO is in no position to make acquisitions. FCU shareholders who go to bed dreaming of a takeover bid by CCO in the morning should adjust their sleep habits. It is NOT going to happen. Not for a long time
CCO is in survival mode...... self preservation.
...rear-view mirror investing...