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Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.


TSX:CCO - Post by User

Bullboard Posts
Post by teeveeon Oct 04, 2016 4:23pm
134 Views
Post# 25308639

$1 billion shelf prospectus

$1 billion shelf prospectusearly 2016 CCO filed a shelf prospectus for $1 billion. Factoring in low U prices, and the CRA claim for $2 billion, I expect CCO will have to raise equity capital at the bottom of the market in order to repair their balance sheet. If it is bad enough, they may have to also sell an interest in one of their operations to the Chinese. I wouldn't come near this stock until the smoke clears. Lots of downside left. 
Bullboard Posts