RE:Mike, re CCOCigar Lake floods, causing extreme delays and cost over runs.
CCO is struggleing because of many bad decisions that are all coming due at the same time as very low spot prices. Fukishima was a hammer blow to Japan and by extension CCO.
The "against everything" crowd has been very good at delaying re-starts on reactors.
Germany elected Angela Merkle and she imediatly announced phaze out or their nuclear generation.
Cameco paid 430 million (Australian) for a deposit that BHP couldnt get off the permitting table, just months before they elected a Prime Minister who promised to shut down any nuclear hopes. She was polling ahead of her oposition at the time. And still they went ahead with the purchace.
Cameco then bowed to pressure and sold controlling interest in Kazakistan to the Government owned company. They had no choice on this, they were just salvaging what they could.
Then Japan decides to dump all the U308 they bought from CCO back into the market. Cameco has been buying it back at a cheaper price and stock piling it. But leaves them cash starved.
And the dark rain cloud of legal problems with possible tax evasion, has a very real chance of costing two or more billion.
News on that should be forth coming in the weeks ahead.
And it may be possible that the huge new discoveries by FCU & NXE means that Cigar and McArthur are no longer the only prima donna deposits.
And did I mention $24 uranium?