RE:RE:HC Wainwright - BUY - Target $0.60 U.S.
Bull4u2 wrote:"I think that a major U.S. listing would easily surpass the wainwright target.".
Dozens and dozens of so called catalysts have come and gone over the last 6 years. NONE of them had caused any real spark for FCU's stock price.
Countless uranium believers are convinced that a bull market is underway. They all forget to look at what the market is telling them. I see a weak spot price and a dismal futures market that shows no life for the next 4 years. And when you check Cameco's stock, you realize that tough times are still ahead.
A U.S. listing should help but there is no way of knowing. The problem is this: there is a stink on this stock, a rotten smell that lingers from Dev's days. Terrible management decisions plus a serious waste of financial resources over the years has left an awful pungent odor. People do not appreciate a management tream that drinks excessively at the trough and then gets up and attends every conference/convention on the continent.
FCU should have been a winner. But now there is a good chance that the deposit will stay in the ground forever. No one knows when there will be a "real" shortage in uranium. If a shortage does appear sometime, do NOT expect a repeat of 2007. There is likely to be only a modest improvement. And the "need" for more uranium will be met by shut in production and low cost producers.
FCU is a DUD. You can put lipstick and lingerie on it, but it is still a DUD. No one loves it.