Fission Uranium Corp T.FCU

Last September

[Reachme]

Uranium price topped at $54....it looks like it will go over that this time....GLTA

[Greenday]

@ Reachme - The physicals to equities spread is growing with spot advancing again today.  I bought at .67 today because I'm confident that the spread will tighten.  And on top of that the price of uranium is still well below the cost of production.  As utilities deplete their inventory they'll have to pay more for fuel.  That's all there's to it.

[Uraniuman308]

greenday wrote "And on top of that the price of uranium is still well below the cost of production." exactly!  And FCU has an off take with CGN to sell up to 35% at a discount to spot which at this price would be below their cost of production.  I guess this could be a miss step Ross was referring to.  JMO  

[Greenday]

@ Karen308 - CGN is entitled to buy up to 35% of FCU's yearly output.  But there's nothing in the agreement that says FCU is obligated to produce at any price.  FCU retains the right to produce as it sees fit.  If the future price of uranium dropped below the cost of production, FCU retains the right to produce nothing and CGN would then not be entitled to buy anything from

[Uraniuman308]

greenday, why don't you show the agreement where it says FCU is NOT obligated to sell at the going price, LMAO!  

[Greenday]

@Karen308 - The point you made - in case you forgot - is that FCU is obligated to supply CGN even if the spot price is below the cost of production.  That's wrong.  There is nothing in the agreement stating that.  That's just something that's in you head.   FCU is only obligated to supply CGN with 25% of its production at a 5% discount to spot and it has a

[Uraniuman308]

greenday, show me where it says FCU is not obligated.  When the deal was announced I recall management addressing the issue by saying the spot will be much higher.  If a moot point, why the comment?  And while your at, go tell your bank that you are not going to be making a mortgage payment for the foreseeable future because interest rates have gotten to the point where you can no

[Greenday]

@Karen308 - It's not realistic for me to tell you all the things that FCU is not ogligated to do under the terms of its off-take agreement with CGN because there are literally millions of things that it doesn't have to do.  One example is that the terms of the agreement do not state that FCU needs to tell you to go jump in a lake.   So if something isn't in an agreement,

[Uraniuman308]

Greenday, why not?  It's a pretty important issue and if you have FACTS to back up your position why not share?  It may encourage some people to buy on the open market - even Ross, LMAO  

[Greenday]

@Karen308 - There's no evidence of truth to your claim and I'm not going to go on a wild goose chase looking for something that doesn't exist except for in your own head.  

[Reachme]

@greenday You are losing your time with this kid...do not respond to him anymore...put on ignore!!!!

[Uraniuman308]

Reachme, if you are a FCU promoter, you are doing a horrible job.  

[Uraniuman308]

should be easy Greenday!  There should be a simple force majeure clause.  What does it say??  Does it include market pricing or is it limited to catastrophic events only, LMAO!  JMO   

[Reachme]

good post

[Uraniuman308]

Thankyou  

[Reachme]

Good call buying some today at .67 You already making money.....glta