RE:RE:Up +40%Good job on averaging down - I think that will pay off very well long term. Not many people bought at $1,6 - $1.7 range. People forget FCU was only in that range for a VERY short period of time - look at the chart.......
Unless there is some hidden info out there, I agree that FCU is undervalued when looked at relative to NXE price....that is not a bash on the amazing NXE deposit.
Say what you want about Dev, but I think FCU is a very transparent company and they show scints/assays/corebox and a PEA. They have indicated pounds. I think NXE will have a huge amount of indicated pounds if that is their goal (and requirement for formal PEA no) but it costs money to infill drill to show those pounds - which eventually could cause dillution.
The debt was a good move for them. They theorietically can now raise money at $4/share to pay off that debt - although I think there is a clause that says they have to wait, not sure - BUT my point is, don't bash the debt because it avoided them dilluting the share float when they were in the $1-$2 range - so that gamble paid off for them......
IMHO That is probably the biggest obstacle to share price movement for FCU in the scope we want it - there are a lot of shares out there - takes a bit to move the price because of number of shares. That is not a blame game, FCU raised money at lower prices a few times during a tougher time, and the 0.85 Chinese investment was a great premium - just the way it works and the timing of it....and now they are going a bit slower to avoid further dillution - Dev has come right out and said that and is being transparent about it.
I do think there is some gamemanship about when the results are being posted - but if there is a material change - they are "supposed" to release right away even with a Halt - so looks like first holes for both companies haven't found a material game changer yet.
On BNN Precision Drilling (mostly oil driller) is significantly busier this year, so perhaps drilling rigs are in less supply this year compared to last couple.....not sure.