RE:RE:RE:RE:RE:Information Package?? Fairness Letter??Well no one expected over 100MM lbs of shallow high grade U (mostly indicated) on the 43-101 resource estimate either.
Performance of FCU sucks right now, stock price stinks, management making questionable (terrible) decisions, but at least we have that U in our back pocket, and it's only getting bigger as we go. At least we have something solid to calm the nerves right now.
Remember people.
100MM lbs ++ of high grade shallow U3O8 200MM ++ between us and our neighbours to the NE!
wintersun10 wrote: i know most FCU share holders mistakenly assume the PEA will blow all expectations out of the water. While in reality a PEA is a very conservative calculation.
the prudent thing is to wait for the PEA and then decide. the problem with FCU is it has been hyped for years now and is priced for perfection, while in the background the uranium market is terrible............
SolutionFinder wrote: @wintersun10: I highly doubt, that FCU's PEA will lead to a lower share price. But even if it does, it will be temporary. But this is not the point, the point is that such a deal at this time stinks and we FCU shareholders have to go against it. What LL and Dev did was they came up with a deal that fits perfect for both of them but not for all other FCU shareholders. I don't want to give away my savings to Dev and LL and DML.
wintersun10 wrote:
You realise a PEA tends to tank a stock, quite frankly after the PEA comes out you might be begging DML share holders to vote yes................