RE:RE:RE:RE:Uranium - Lower for Longer - Credit Suissemoneysworth wrote: Been in this since way back and seems I'm still up on FCU. And do believe like many others, our patience will be rerwarded. So we'll see who has the last laugh! :)
FCU has a world class orebody and that fact will override all other concerns eventually. But I don't like management and the way they have treated shareholders and have wasted shareholder cash in the past. I would buy my FCU position back in a heartbeat if DEV was shown the door. The stock struggles with a permanent "DEV Discount" as the street does not like him.
I am hopeful that CGN will rein in Dev and the needless spending, if I saw some hard evidence of that I would also be more interested. The oversupply in the Uranium market does worry me but I think is largely discounted the the stock prices of uranium stocks. Probably not much price risk left from the recent lows but we still have time risk (we may be flat for a year or two). Also on my worry list is the huge number of shares outstanding (and management options), making huge upside very unlikely.
So you see, I'm not always or completely negative on FCU (I can show you one of my posts where I outright said buy and we did see in short order a 60% rally, I can't remember the exact %).
It does really annoy me to see paid posters on here who are always positive and never giving unwary investors a balanced view of the fundamentals, I think it is dishonest and deceitful.
I do not put you in the paid poster camp Moneysworth, but I don't think you give a balanced view of things either always being positive.
CanadianBuck