CCO, U prices, Trade etc
FWIW Mr Trudeau met with Xi Jinpeng and trade was front and centre. CBC says they established some rapport. One thing China knows it will need is lots of U. Mr Trudeau needs to balance the budget, but he also wants a normalized trade relationship with China.
I wonder if there's any chance of this improving outcome for CCO, or delaying their repayment of CRA debt/fines, or mitigating their plight in some other way. I also wonder, given that the two top sources of U in 2015 were CCO mines (was it 13% of total world production?) whether this will be a catalyst for higher spot prices in the near term, if CCO is faced with the prospect of struggling to break even at today's price. I feel sorry for their employees if they have to scale back.
If CCO is hit with all applicable costs, we could be on the bench for a long while.
As an aside, the CGN deal may prove to be an important foot in the door as an example of cooperation/collaboration. I wonder how this will play out, but happy to have sold half my FCU for better opps elsewhere. The time to get back in is Q1 2017, before the new PEA/RE.