RE: CIGAR LAKE, LOWER URANIUM PRICES...upandaway10,
You said,"Only when Cameco announces that the project is close to being back in operation will the stock become attractive".
In that case you may never see CCO share price increase. Let me put it this way, It will literally take a miracle for engineers to salvage Cigar Lake.
In my opinion, CCO will have to consider takeovers and mergers to continue adding value to the share price and we all know what happens when a takeover happens. The host share price becomes diluted and hurts shareholders short to medium term.
The way to play the U308's going forward is by buying the companies that CCO may buy out such as PDN for example.
I believe CCO will trade in a fairly tight range over the next few months/years. In my opinion, there is much better value elsewhere.
Mad