RE:RE:RE:RE:10 cents todayQWERTY,
Are you going to be a little more careful on the sh!t you post or will SH be booting this user I.D. off too? HaHaHa......how many i.d.s have you had in the last 3 years?
Same old scum bag, kinda like lipstick on a PIG.
Watch how many posts Overstock does. 3 so far
OVERWATCH wrote: Regardless of the quality and quantity of the FCU resource the agreement that FCU has done with CGN may have rendered FCU essentially worthless to everyone but CGN. FCU selling any amount of uranium at a discount to a spot price doesn't look good for FCU.
If CGN has made a decision since their original investment that they are not going to support FCU to any great extent and they do this while maintaining their percentage holding in FCU then possibly FCU could be considered a dead duck. This is possibly what the market is now recognising and at some point the market must be informed as to what is going on.
Just one of the challenging situations that is now facing FCU is that FCU has agreed with CGN that they will make reasonable efforts to push forward with this project so that they can legally sell and deliver uranium to CGN as per the off-take agreement. This has possibly created a bit of a catch-22 situation for FCU.
FCU may also be facing additional challenges that the market is not aware of yet.
Back in January 2016 Ross McElroy said that the CGN investment would give FCU "the financial clout" to advance their project but as it stands today and for a period of time already FCU's project doesn't seem to be advancing in any significant manner considering all the work that is required.
FCU shareholders need to look at their invesment in FCU from a big picture perspective and many people here on this forum appear not to be even close to even attempting to try and understand as to what they have invested in.
If the FCU uranium has essentially become commercially worthless then what value can you place on FCU stock?