If I got 2 stars for my last post Ill get 1 for this one lolFirstly Im the one on two separate 25k blocks who tried to support the end of day price at .76
It was some spec money to gamble on the fact that I believe we will see results Monday or Tuesday of next week and based on those results and the info that Quakes had posted, we will get an update on a more robust summer/fall drill program.
I was hoping to get filled and did in the last few minutes. Thats why I had asked for level 2's on the road, I had figured many would probably derisk and take profits after a nice run and prior to news.
I dont believe in any way shape or form there is a conspiracy to hold down FCU. There are many opportunities like FCU all over the stock market. It is you job to look for unloved stocks for what ever the reason that should be higher than where they are with good fundamentals, and buy and hold. The most probable explanantion is very few dollars going into the U space over the past 6 years and what was, was all going into NXE the last few. Maybe most sector players, to make money, saw the exploration potential of NXE and all bought in (and if you are a conspiracy theorist) they did this to make money in a down sector.
It looks as though that money is starting to rotate in the sector, and my guess would be the post from Quakes yesterday on the reasons are as good as any I have heard. Its timing folks, NXE's timing is done and now FCUshould have the spotlight for the next 6-18 months.
Also, I think anyone who believes this company gets sold over the next month, 3 months, etc. has no idea of what they are talking about. This company really is not in play until January 2019. Then all bets are off. Look at the holdings, agreements, Canadian treaty agreements, etc. and you start to realize you also need managements blessing on this prior to that time. Ill eat my hat if we get bought out in 2017 and I mean it. If I have to eat my hat I will not be happy, but reallocate my money into another uranium player.