Disappointment..So far the same old repeated feel good stories of Blue Sky has had no postive lasting effect on the share price. In fact, post PEA, the share price has actually collapsed. The only news this project may be capable of is the expansion of discovered resources. Have to believe, based on recent evidence, that such will also be met with apathy and lower share prices. Meanwhile URA (uranium ETF) has been constructively moving up in price since the beginning of June. Blue Sky is not following suit. This is a concern to me.
The last PP was nothing more than to keep the company administration alive salary wise. The real dilution is coming big time and I could see this stock price move significantly lower. So everything seems to hinge on whether the price of uranium can accelerate higher. Even then, it may not translate into a constructive share price.
So all the "feel good" news has done is to allow large retail investors the ability to get rid of their ownership of Blue Sky and I think management probably knows this.