RE:Re Re Be Right and Sit tight.toriddog wrote: Very good advice in this market. FCU currently has over 100 million pounds proved up and it will no doubt end up much higher. Enough reactors are going back on stream or under construction to change the supply / demand situation. If you are a longer term investor and not a trader you have nothing to worry about. The end is not in doubt. The only worry for shareholders is to get an acceptable offer . In my view should be north of $3.00. This is an exploration stock and management has no plan to become a producer. So all these mining calculations , operating expenses, and other challenges of a producer are beyond the control of this company. PLS will sell and at a pricee far above the current stock price
No single exploration company is valued fairly. Either it's too overvalued on hype and speculation, or it's undervalued due to the lack of short-term positive events like a buyout or become a producer. Nothing can be ruled out but my prediction that we need a PEA has been correct so far, despite having a 43-101 out for MONTHS now.
So pulling 3 dollars out of your hat goes to show how out-of-touch you are with the markets, since they tell you it's worth 1.13 dollars / share today. On the other hand at a buyout 3 dollars / share would be slightly conservative.