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FORUM URANIUM CORP V.FDC

"Forum Uranium Corp is a Canadian-based mineral resource company focused on exploring and developing uranium projects in Saskatchewan’s Athabasca Basin. It is engaged in the acquisition and exploration of uranium projects. Its projects include Fir Island, Henday Lake, Highrock Lake, Karpinka, Key Lake Road, Maurice Point, North West Athabasca, Clearwater, Costigan Lake, Orchid Lake, Agnico Eagle, North Thelon, Tanqueray and Ukaliq."


TSXV:FDC - Post by User

Comment by DiveEstheron Feb 06, 2018 8:43pm
214 Views
Post# 27515731

RE:Forum Takes On Copper Prospect

RE:Forum Takes On Copper Prospect
As much as I like to see that Forum is not limiting itself to uranium assets (ie. having more than one iron in the fire), it is reflective of the overall sluggishness of the uranium sector and the lethargic U spot price. I don't think the company can execute and spend much on drilling or exploration at today's prices, plus it's hard to be forward looking when in such a prolonged down-turn.
 
We certainly didn't see the seasonality play pan out this year, so the "pop" that many had expected in the U-sector has not materialized. This, despite the curtailment and shutdown announcements by some of the majors. I know it's still early and I like long plays, but I'm not keen on optioning a copper project.  I think Forum would been better served developing its portfolio of uranium assets, rather than committing cash to a project that they won't likely ever bring forward to production.

There's an absolute ton of copper plays out there and I did some digging on Janice and could not get excited... to me this seems like an odd move by management and leaves me wondering if they are simply looking for something or anything to provide shareholders with. Especially during a time when they really don't have the capital or incentive to accelerate or significantly progress many of their quality uranium prospects -- which do exite me much more, btw.  

Unfortunately, to me, this looks like a misplaced cash expediture and share commitment / dilution... but I'll reserve final judgement for another day. Still long on the quality uranium assets they possess and happy to wait as long as it takes for the next U-boom.
 
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