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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

Comment by Clemxb7on Dec 30, 2020 9:20am
324 Views
Post# 32196051

RE:Recent article on seeking alpha

RE:Recent article on seeking alphaI've considered the same thing. Say spot suddendly doubles and Cameco has to pay $60 spot to fulfil $45 contracts.

Yes short term Cameco would be in a bind. However a spot at $60 would undoubtedly bullish for CCJ. 

Saskachewan has Aborignal groups as among the first the get vaccinated. The plan is to have it done by the end of the 1st quarter at the latest. Could be even earlier. 

So will investors look past a bad quarter to better days ahead and buy CCJ?  Or will a bad quarter screw CCJ? I don't know that answer. Still I think the longer term implications of a price double in spot is undoubtedly good for CCJ. Any ill effect would be a buying opp.

Also the price "may" double overnight or it may creep up more slowly. If the Price is $45 by the time they can restart Cigar Lake then not too much pain.

I agree the price is likely being held back by this situation.
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