Fission Uranium Corp T.FCU

Throwing Down The Gauntlet

[Greenday]

Tweets by Kevin Bambrough (former Sprott Resource CEO)

Fuel buyers / utilities. I know your getting angry and emotional but you brought this on yourselves. You can sit on your hands and tell each other that you’re gonna wait this uranium spike out and refuse to buy but your just gonna look even more stupid the longer you wait.

You guys bankrupted the uranium mining industry to chose to not contract at fair prices and secure your future needs. Now you are angry cause you didn’t see this coming and your fragile egos are preventing you from admitting your were wrong.

You guys are on the wrong side of what the financial world is a suicide short. We know you will pay up and must buy uranium. We are prepared to buy hold and wait as long as it takes for you to crack. There’s a date on each of your calendars when we know you will have no choice

You’re gonna hit the spot market regardless of how angry you are about it. Better to understand that there is literally trillions in capital that know have eyeballs on this trade. The sooner your admit your were wrong and hit the spot the better off you’ll be.

It’s very hard to admit your wrong and cut your losses. You should get busy and purchase the fall spot volumes we know you need. Just prepare yourself to sign long term contracts centered off $100/lb with $75/lb floors and maybe Cameco and cap will give you $160/lb hard caps

If your a large shareholder of Cameco or kap you should be telling them you are invested for them to get the sort of contracts I describe above. Pressure them not to sell to cheap and screw this up. (Like they did last cycle)

I think the fuel buyers are gonna try to wait this out as long as possible. My bet is the market is gonna spank them all as the longer they avoid spot purchases the bigger a hold they dig. Ego’s are preventing them from buying what will soon look like super cheap lbs.

One amazing thing is that the fuel buyers for the utilities think themselves smarter than all of us. But these guys have no understanding of how badly they positioned themselves and how obvious it is to professional traders who smell the squeeze coming


For those of us that cut our teeth in the financial markets and had to learn to admit mistakes and cut losses, we can’t help but me amused. Hearing of the anger fuels empty promises to not buy just makes us want to squeeze your even more. The market is bigger than all of us

Fuel buyers are in a suicide short on the wrong side of the market and very few have the experience required to study the trend with an open mind, wake up to reality and cut your losses.

[Greenday]

Would seem that fuel buyers are upset about Sprott's physical trust (U.UN) and amongst themselves pledging not to buy.   Problem for the fuel buyers is that if they don't buy they'll eventually have to turn off their reactors.  Cann't image the anger and ridicule they'll receive if 20% of the US grid went down.  It's not going to happen.  Sprott

[ToadyToadman]

To steal from reddit. Let's hope Sprott truly has "diamond hands" GLTA DYODD

[Uraniuman308]

great commentary, but I believe Cameco will cave in sooner than the utilities.  This will be telegraphed with their reopening of McArthur.  With Cameco the foreign ownership rules should be lifted and let them be taken out by a company with a better business sense.  I would be more comfortable with this uranium run if they were in the hands of someone like BHP, RIO or Teck (Canadian

[Greenday]

@ Uraniuman308 - Hey Homer.  What would the ramifications be if fuel buyers decide they're not going to buy fuel for their reactors and shutter them because the price uranium has gone up?  I'll guess that in addition to the financial losses incurred the utilities would have some political answering to do as well.  Blaming CCO and its shareholders for not being charitable to

[pommerac]

We're not relly bothered wether you are comfortable or not.