Was half expecting a decent rise today following yesterdays strong end. It seems there are quite a few who were expecting news with the AGM all resolutions approved RNS. lol, rarely ever happens. News re talks with investors, ree, JORC etc could be weeks or more away.
If your invested here why show up on the days when its down to moan? i notice you had nothing good to say when this was up a few times over the last few weeks!! A turn in sentiment, (which is currently under way), will result in a turn in fortunes. Everyone gets locked in every now and then in shares and we have to accept that people buy and SELL. Thats what makes a market!
At the end of he day its been an exceptionally difficult period for the entire uranium sector and all associated shares have struggled bar none!!!!!!!! This could have been put into admin on a number of occasions but the management have found a way to survive and to add value for those that remain patient!
This goes for everyone posting or investing/trading here, You CANNOT expect company changing RNS announcements every week, This WILL NOT be 5p by friday no matter what someone posts here! Make your choices and go with it, trading or investing, ITS ALWAYS a risk.
I expected a better market response given our position, and expected a better sp by now!!!! But it hasnt happened and you have to accept that and stay patient or move on gracefully!!!
If we look back to when the JV was announced, the sp of FTE was 0.03 and the uranium spot was still languishing at $28. I don't know what the cost of production is in our African operation but we have 40 odd Million pounds of uranium there which means it is now either able to be profitable at current prices or is at worst $480M closer to being profitable than it was in July. The Slovakian operation was profitable at $28 so is now even more profitable than it was in July. I know we have had some of the dreaded dilution but we have acquired a valuable asset with the money raised which is now even more valuable with the increase in uranium. Would love to hear of a logical reason why we are now down 50% on our July SP. MS2
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