RE:FUU dealI hope there's no offense taken, but a company is only "worth" what the market is willing to pay for it. I'm long FCU like most people here but people need to remember how supply and demand works. We all want the highest buyout price possible. Unfortunately everyone is getting heartset on numbers from previous valuations when the uranium market was a lot stronger, there were a lot more nuclear plants operating, and in general companies were in stronger financial shape and hungry to snap up discoveries. The current uranium landscape isn't as Rosie right now so some people may need to adjust their expectations. Yes, companies will pay a premium for the future higher prices we KNOW will be coming. I'm just reminding people to keep in mind that price is determined by the market buyers willingness to pay and not necessarily by past valuations from different economic times. The uranium market will recover and if people "will accept nothing less" than previous valuations, shareholders might need to be willing to wait longer to achieve full "value"
Unfortunately with the recent FUU purchase, I'm sure shareholders are REALLY not going to want to wait a whole lot longer and run the risk of FCU having to possibly raise more money. Bit of a wrench being thrown in.
Hopefully I don't get slammed for this post.