$25.5 is still 18% above 52 wk lowDespite the disastrous turn of sentiment and outlook for nuclear power, Cameco is still 18% above its 52 week low. I would have thought it now deserves to be far below its 52 week low. Looks like we are now getting there.
Also seems to me that CCJ has the fundamentally wrong strategy - instead of growing their production by 100%, they should be thinking how to increase their price by 100%.
Brad Wall needs to set up UPOTEX to get a grip on CCJ and prevent them from giving away the province (and Canada's) uranium for what amounts to a post-USSR tolling (cost +) operation. What a joke.
I think CCJ management is likely too friendly with their customers. It was nice of them to give $1 MM of shareholder money to Japan after the quake. Japan's problem isn't money.