RE:Covered one-third of short templetooth wrote:
I'm surprised and disappointed the stock is holding up so well.
I can only speculate the market expects the Kazakhs to fully follow thru on production cuts. Seems odd that OPEC, for instance, has zero credibility on this topic, but the Kazakhs' word is gold. We shall see.
Other than these promised cuts, I can't see any bright spots for Cameco over the next two years or longer. The CRA decision is expected in 2018, and while we're waiting for that the Chinese will be building up very substantial production in Namibia.
the easy money is gone thats for sure..