Re investing 101Many of us investors in FCU ended up here from other stocks that got taken over.
I am here because I think the uranium space is the place to be right now. In addition the Athabaska basin is the place to be in that space. To sum it all up, the FCU deposit at PLS is the best in many years and when developed will be likely the lowest cost mine in the world. They are still drilling to discover how big it really is. Most of us are convinced that they already have more than enough U308 for a new mine.
If you are new to this space you are in a very different place. Many of us started with cash that was profit from one of the other takeovers. I was in FIS when they sold all assets but PLS to Denison. I sold all the Denison shares I received from the takeover and bought a pileof FCU shares. So I did not feel the pain of this correction and think we may have more of the same before it is all over.
This last stock price correction probably took out those who did not have the same conviction. I think the current price is a bargin and FCU management has a record of developing deposits and selling them.
I am staying in until the end, as most of the usual venture market risk has gone due to exceptional drill results. A producer will buy this deposit and if it takes another year or so, no problem. More drilling and other possible very good targets, could make the eventual price much larger.
I have a firm set of quidelines I follow which is why I have no money in any of the new explorers in the area. I need to see a decent drill result before putting cash into any of them. When this happens the other quidines must be in place.