TSXV:FCO.H - Post by User
Comment by
idleSpeculatoron Apr 15, 2005 1:13am
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Post# 8908706
RE: RE: Something to read
RE: RE: Something to read"My recollection is that Russia sold off a huge anmoount of its uranium warheads years ago and that kept the spot prices down and forced CCO from about $75 all the way down to $14 or so. I thought alot of that excess U was used up and now the spot prices and demand have been rising. CCO is back to over $50 and has spilt once."
I believe you are correct on all points, the split was a 3 for one deal, so comparing like for like, CCO has gone from $14 to $150. It was in the $30's last year when the guys were trying to talk me in to buying
The other thing that helped CCO was end to industrial action.