Naivete still prevalent
FCU down another 2.6%. Add that to the previous 4 day decline of 21%.
It looks like the departure of Dev and appointment of Ross has not fired up the investment community. No surprise there. FCU doesn't carry much favor out there at the best of times.
Cameco shares are still very weak. That is telling you that the untilities are not galloping to the scene to go long term. Most US utilities have an abundance of uranium.
Spot price speaks for itself. It is sick.
Futures market is the real kicker. No sign of any uranium panic years away. $39.05 for March 2025.
If you suffer from naivete, hang in there and ride the pain.
NO uranium bull market is near. Sorry.