RE:Market rips along, while FCU fizzlesHere is the deal. I have only 1 ID. Am I an FCU pumper - no but I own shares. Also own many shares in other Uranium companies. So yes I am a URANIUM pumper. Guilty. And I am patient. Guilty. I have time to wait until this ship gets back on course. And it will.
Who is selling Uranium at $ 23/LB and making any money...... To me that is the key question. For me to sell at a price of $ 23/LB, my cost needs to be below $ 18.50/LB. Cigar Lake and MR are not at $ 18.50 with all in costs. So they shut the MR mine down as I would have. And shut it down for another 2 years effective August 1 , 2018 out to August of 2020. That is what I would do - but who am I just a schmuck.
But to suggest that FCU stock price is affected by management expense accounts and other micro details is naive. FCU - NEXGEN - and the other Uranium stock prices are affected by the bigger picture - the whole Uranium sector.
Get over it. FCU will move when the bigger U ship moves. If they run out of money before then, they will be diluted by the Chinese owner. But I suspect when Cameco starts hunting for Uranium on the Spot market - all 10,000,000 + LBS at spot prices the cupboard will be bare.....
So go buy Boeing or Home Depot or IBM stock and make a killing and be quiet....... Good luck with that as they are so overvalued it is not even funny. Boeing at less than $ 100 is on my radar when I back the Uranium truck up.. as I am sticking with Uranium and FCU is a good buy at $ 0.65 to $ 0.70 per share.
MM