Wild imaginations
Some folks have pretty wild imaginations to think that when the obvious gets pointed out to them, somehow those that do that are part of some big scheme.
Very flattering, but relax guys, that couldn't be further from the truth.
Yes this is a disappointment, but I think after the surprise 43-101 and the good drilling results, the expectations for when this stock would get to the analysts targets were simply too optimistic. I had quite a respected uranium geologist telling me consistently that he didn't believe the analysts targets would be achieved and time soon.
Cameco has stated recently and I quote " a new Mill in west Sask would need minimum of 400 M lbs..." So how close is FCU to that? How much dilution to get there?
So time for expectations to come down down to earth. THere must be at least 200 oil companies out there, cutting back on dividends, capital spending, guidance going forward, and no recovery is in sight, plus tax loss selling going to now hit many of them.
Until commodities rebound, sentiment in general is negative, and until uranium prices show a strong rebound, FCU's deposit is simply uneconomic.
Perhaps the circulars shed some more light on all of this, perhaps not. Should know on Friday.
I'm curious, has anyone heard of any fund managers voting aginst this? After all they have had about 2 months to review it, and the PEA basically verifies the Raymond James report of last January.