RE:Valuation CGN wasn't buying more either. In fact, CGN hasn't participated in any share offerings and their percentage ownership is falling. FCU will probably participate in the FUU equity raise saying they want to maintain their ownership percentage. Something doesn't add up and all Gizard can come back with is a typo. JMO
GovernanceQP wrote: Now we have an interesting little situation because if people go around stating that FCU is the most undervalued uranium stock and FCU decides to invest in FUU with some of the money they hopefully will raise from their bought deal then in some respects FCU is not acting as though FCU is the most undervalued uranium stock because if this was the case FCU should at the very least attempt to execute some sort of FCU buyback program.
Now also consider this - FCU didn't even buy their own stock when FCU was trading sub 10 cents.