Fission Uranium Corp T.FCU

Monthly Averages

[Greenday]

[Greenday]

Dumping until the end of the first half.  jmo.  63% historical probability of a gain in July. 

[199930]

But the long term average gain was only 3.4%.

[Greenday]

@ 199930 - What kind of monthly return are you getting from your bank?

[199930]

Purchased an RBC 1 year GIC yesterday paying 3.687%, interest payable monthly - no risk.

[Greenday]

@ 199930 - No risk on a 1 year GIC?    Think again.  There's plenty of risk.  Inflation is running at about twice that right now.  Unless the inflation rate falls below 3.687% over the next year you're going to be losing money. 

[Uraniuman308]

how about the impact of inflation on development costs and the break even point for FCU?  

[199930]

Ok low risk.  Still better on a risk-adjusted basis. The monthy average rates you posted for FCU would generate an annual return of about 10% - well below a risk-adjusted required rate of return. I'm not a big fan of GIC's but we are living in uncertain times.

[Greenday]

@ 199930 - Hope you didn't buy a Russian GIC.  lol  Seriously though,  fixed income instruments in a rising interest rate environment tend to be poor investements because the yield gets increasingly squeezed the further along the curve that the instrument extends.  The current economic backdrop is more similar to the 1970's than the stagflationary period in the early

[Uraniuman308]

a Russian GIC or a uranium junior with an off take and 20% ownership with a Chinese company.  Not sure which is worse.  JMO   

[Greenday]

@ Uraniun308 - CGN owns shares in FCU.  So what?  

[Uraniuman308]

I think our constantly lagging share price in comparison to our peers shows "so what".  The takeout premium is gone knowing full well no one will ever buyout this dog.  The agreement FCU made with CGN was horrible.  Not to mention, where did the money go?  There should have been a complete forensic audit as part of the ethical review.  Funny how the result was

[Uraniuman308]

Your strategy is looking pretty good right now!

[199930]

I agree. The US might already be in a recession. Time will tell. [ quote=Uraniuman308] Your strategy is looking pretty good right now!   [/quote]