Re Re Dream StockFCU stock price May 31/13 was $.78, so at the close today a 1 year investor is up over 50%. The unusual trading did not really start until the investment firms got involved in a big way. So if they are holding FCU stock in their investment funds, I doubt they will be voting in favour of a low ball takeover offer.
The spot price is continally held up for reason that this stock has declined. It is very unlikely any offer would come from a company that sells into the spot market.. Last I heard the contract price is still about $50.00 per lb and the Sask mines can be very profitable at that price. Other mines around the world either lose money or shut down operations.
We get nothing but good news from FCU this will continue as at least another 15 very good assays are due shortly from the winter drill program , as well as start of the summer drilling.
Stock price action is very normal as compared to previous takeovers completed in the uranium sector.
FCU is no longer a good trading stock as price changes are not consistant with news . I have not traded shares for months only added with I had funds to do so. Will hold and wait for a buyout as they have more than enough lbs located to cover the current price.
If we get similar drill results to last year's and maybe a new zone or two, it could be a very profitable summer again.