Getting Over Your Skis ??As FCU's stock price moves into recent highs it's worth remembering some of the earlier management missteps that may qualify as baggage.
1) The extraordinary sales offtake agreement with a state-owned Chinese power company that provides them with a 20% discount to spot prices on 20% of production.
2) A $20 million loan to Sprott carrying a 10% interest rate that is due next year, I believe.
3) The messy, failed attempt to merge with Denison. (A merger would have provided credibility and better access to capital than anything a state-owned power company could provide.)
Replies are encouraged.
DYODD
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