Deltajj wrote: @solutionFinder.
If it was 1 year earlier, I would say just like you. The deal sucks and FCU are much better of on it's own, and the value should at least be $3 a share.!. And I would also wait for the White Knight to ride in with an offer.!.
But.!.
Unfortunally, what I see is that the tide has changed over the last year, and we now face a new technology - even in the medium time - that will totally change the fuel supply to utilitys. This means that uranium prices wil remain low in the future, and the emergence of new types of fuel, will more than compensate for the increasing demand in the future.
Add to this the new reactors types that will be ready for the market within the next 10 years. Many of these will be small modular reactors in truck-size, which can be mass-produced on suitable plants, and be distributed trough-out the world. And they will not be using uranium.!.
Therefore, there is no longer room for traditional long-term planning of a commodity such as uranium, and this has made even PLS worthless. This project will simply run out of time.!.
I have long since sold all my uranium stocks, but still feel a form of solidarity with the common FCU shareholders, why I try to encourage them to do there own DD, rather than blindly rely on the many pumpers (from both yes and no side) who constantly sings the same gospel that "in the not too distant future we'll all be rich."
If this really is way out, why don't you look into it, do just a little DD, and prove me wrong.?.
With these low share prices, I would just love to eat my hat and jump back in.!.
Delta.
SolutionFinder - (9/20/2015 4:20:07 PM) RE:RE:RE:RE:PLS is dead and will never be mined.!. Deltajj, why all this fuss here on the FCU board? Just sell your uranium stuff and move on! The ones believing in the future of uranium know what they own with FCU and they will vote NO. FCU doesn't need DML's uneconomic deposits from which we don't even know how much they're actually worth. Remember, DML has been losing money for years.
Once again: Time is on FCU's side, DML needs FCU's PLS deposit and DML can make a cash offer of >= $3. That's what according to our master of the numbers Quakes, Cameco would have to pay for FCU. So why should DML have to pay just 68 cents? Doesn't make any sense, right? I think this is one thing some FCU shareholders can agree on with Quakes. Let's wait and see whether DML raises its offer before October, 14. If not and the NO voters succeed, well, then I certainly wouldnt want to be a DML shareholder? Deltajj wrote: @boscoe wrote.: "... All the points have been hashed over a hundred times on this board. I ask you why are there exploration companies even looking for uranium (in your thesis). Vote No. Jmo."
No, it has not been seriously discussed on here, as it has always been dismised as pure speculation with no hard evidence. Today is different, because new technology has been developed in recent years, and is only just now become public knowledge. This will be a game changer for the hole industri.!. There will come no new exploration companies, and existing ones will struggle with very high dilutions to survive the next few years before they finally goes out of business.
@done947 wrote.: "very true! they just put u on ignore" No, a real pumper will NEVER put anyone on ignore, as they need to know what they are up against. Still they will NEVER start a discussion if they do not - for sure - can refute argued points. They can not afford to lose face, and still serve there masters.!. Then better keep the silence, and hope no one notice. @teevee wrote.: ".....................and no thorium-putonium reactors are on the drawing board......nor are there any thorium refineries anywhere in the world, or being planned. Thorium bearing monazite is a tailing product from large zircon and titanium rich ilmenite sand mine operations, mostly in Australia, and a few in Africa and Mozambique (BHP & Rio Tinto). ".
The fantastic thing is you don't need a thorium/plutonium reactor.!. The new fuel type that Thor-Energy are developing can go direct into ANY LWR, and can thererfore be used in almost 90% of all ecisting reactors without hardly any rebuild needed.!.
Well- thorium is very common, and can be found as a bi-product from any Rare- Earth production. The bi-production is so large that there will never be a need for a seperate Thorium mining operation. And it's not even hard to separate, and can be readely deliverd from huge inventorys lying around the world, lasting for decades of energy production. Deltajj wrote: It is typical that NONE of the usual pumpers will so much as comment on this post. It is clear that if they did, they would be forced to respond to the overwhelming facts that support this view.
Instead, they choose to ignore this, and hope that nobody will notice it, because it's their job to lure as many as possible to invest their savings into this stock, so that their employers can get as much from it as possible.
But try to look at just some of the facts .:
Even if the PLS and NEX found 400M pounds and some buyer immediately would build a mill and mine, that could at earliest be in production in 5 years time, and even with a HUGE production, it would hardly be possible to produce more than 10M pounds a year. The mines can therefore not be out-mined before 2060.!.
Uranium will be totally obsoleted decades before this, so it's clear that NO buyers will bid for the deposits, as they can not even recover the development costs as uranium prices will stay low.!
So, who will pay for this mistaken investment in dead deposits if not the stock owners.?.
Is that you.?.
Make your own DD, and do not be lured by the pumpers, who are only out there to steal your money.
Delta.