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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@VaughanBNN Market Call - Brent and JOe - Question on Fission $FCU. They arent bullish on #uranium at this point. Brent says that with the low uranium price coupled with the renegotiation of long term contracts, which needs to happen now, exploration assets will not be bought out by producers at this point.
Kevin@teevee I think $FCU has drilled out more than 108mlbs, at least to the point of implied tonnages. I dont follow it closely, but likely the values reflect maybe 150 or so and then multipled by 4$/lb or close. $Nxe on the other hand should be trading on a DCF valuation by this point, the numbers for that can be derived from similar mines.
@marketwired510m Step Out Discovers New High-Grade Zone at Fission's PLS; Athabasca Basin's Largest Mineralized Trend now 3.14km @marketwired/510m-step-out-discovers-new-high-grade-zone-at-fissions$FCU$FCUUF $2FU
Drilling Highlights Include:
New zone - R1515W - discovered by regional exploration drilling approximately 510m west of the high-grade, near-surface R840W zone
Western Extension includes 180m of strike length of anomalous radioactivity (1485W to 1515W)
@PamplonaTraderI was just chatting with @HighROI@EricTheActor@SellHigh and the boys had an interesting idea. @HighROI floated the possibility that $NXE could be in negotiations to combine Rook I claim block S-113933 with $PTU's Hook Lake in efforts to consolidate the Harpoon and Spitfire discoveries.
NexGen is not getting much torque from these smaller regional discoveries. It's clear that Harpoon-Spitfire is one emerging deposit. Combining Bow, Cannon, Harpoon and Spitfire (and many km of fertile strike) would give the NewCo critical mass to unlock meaningful value for its stakeholders.
This makes lots of sense on so many levels. We've heard that $NXE has good relations with the Frostad Bros at $PTU (while $NXE's relations with $FCU remains, well, just frosty). The major suitors for Arrow - Rio, Cameco, AREVA - are all stakeholders: Rio has a 10% carried interest in S-113933 and Cameco/AREVA have project equity in Hook Lake. Their approval of any such corporate action means they will not require Bow, Cannon, Harpoon as part of any deal for Arrow down the line... giving Leigh the green light to spin out assets now rather than waiting for takeout negotiations for Arrow.
@cole119The Chinese were smart enough to get a foothold in $FCU at a decent entry price with a considerable offtake. Though they likely picked the wrong project as Arrow will be mined first, I bet CGN or CNNC are begging $NXE for a deal like that. My bet is the eventual deal for Arrow is a joint agreement, an obvious partner with RIO is Li Ka Shing somehow.
@drezinhohttps://ceo.ca/@marketwired/fission-expands-new-high-grade-r1515w-zone-with-strongest Positive news today for $nxe 's red-headed step sister. High-grade & on land. $FCU FISSION announced two high-grade holes have grown the recently discovered R1515W shallow depth, high-grade land-based zone at its PLS property. Hole PLS17-557 encountered 47.0m total composite mineralization, including 5.29m of total composite >10,000 cps: strongest hole to date at 1515W. Holes PLS17-557 and PLS17-560 have expanded the strike length of R1515W to 30m. Strike length of the mineralized trend at PLS has now grown to 3.17km. #uranium
@rackerEight Capital’s Dave Talbot on Fission Uranium $FCU timelines (BUY rating and $2.25 target price): “It will possibly be early 2018 before another resource update followed by PFS is released. In the meantime, management is advancing metallurgy, carrying out economic studies, permitting, and social license. Property wide, uranium now can be traced within five zones over a 3.17km long trend.” #uranium
@thehackLatest US sanctions against Russia are targeting energy, specifically oil and gas. Would be good to see Trump include uranium. I'd suggest anyone interested in seeing the U market come to life, get on twitter and ask the don why the US imports $6.5 billion worth of U from Russian controlled sources! $dml$efr$uec$ure$nxe$fcu
@teevee@thehack, Trump can't target uranium unless he wants many US nuclear reactors to shut down as much of the uranium that fuels the reactors comes from Russia.
click to invite
@FundamentalAnalysis@barracuda Agree, I would expect those in the industry to know the real ins and outs of the macro environment within their industry that goes beyond just their business. There are pages of industry related research around surrounding Uranium...(given their pay package they should know exactly what is going on, I always feel they are behind the curve and tell me what I already know. I was speaking to one of the $FCU representatives, early last year, I was asking him about secondary supplies/underfeeding etc.... he basically dodged the question/and cut conversation short and turned to other participants for questions I suspect because a) he didn't know much and b) what he did know wasn't good and probably didn't want to scare away the other participants who were listening to his bull. #mbgtrends$DML
@FundamentalAnalysis@Excelsior Not followed David for too long, either way just shows the issues at $FCU lol. I would be surprised to see US inventories come down especially with Donald in charge, likewise with Russia re: Putin and the geopolitical issues/sanctions. So I can infer that's not going to be a major issue. I still believe FX is a huge issue, the dollar once that weakens significantly (if ever), or commodity prices rise, or inflation in the foreign countries (CIS region catches up pushing costs higher)....that will be one of the drivers of uranium prices as it will squeeze their margins.
@Excelsior@FundamentalAnalysis - I've followed $DNN$DML Denison since 2010, and there are few companies that are as connected in the #Uranium space.
I can't speak to the competencies of one $FCU rep at a show, but their management team has made a number of blunders, (one of which was how they gave the Denison merger the cold shoulder, because they thought they were all that....) then screwed up their ownership bringing in an Asian consortium and just jacked everything up. $NXE has far surpassed them as the go to #Exploration play in the #AthabascaBasin and $FCU has been in their shadow, and mired with water issues and a less interest ever since.
As for the FX affects on commodities - we are in complete agreement there. There does seem to be rising costs in many miners recently, so that could indeed squeeze margins even further. Cheers!
@A4VolAgreed!! Let's just hope that we sit around that $20/lb level.. with no major costs recommendations added as a surprise. If that is the case... #nxe will once and for all prove to be the leader of the pack (yet again 😆) and as a result, put #fcu and other players in town to bed for good. We only need 1 arrow!!!!
@Excelsior@Goldfinger - as to your point earlier today about the #Uranium space quietly having it's best day since April. Very refreshing to see. Here's a recap of the companies that had a positive ~Green day to close up the week.
#Uranium Stock Symbol Company Name Chg % Chg
$UEC Uranium Energy Corp. +0.22 +15.71%
$PBM Pacific Bay Minerals Ltd. +0.005 +12.50%
$CLE Clean Commodities Corp. +0.005 +10.00%
$FCU Fission Uranium Corp. +0.05 +9.26%
$DNN Denison Mines Corp. +0.04 +8.93%
$ARY Anfield Resources Inc. +0.005 +8.33%
$FUU Fission 3.0 Corp. +0.01 +7.69%
$URG UR-Energy Inc. +0.04 +7.14%
$URRE Uranium Resources, Inc. +0.10 +7.04%
$MGA Mega Uranium Ltd. +0.01 +5.88%
$DYL.AX Deep Yellow Limited +0.01 +5.45%
$UEX UEX Corporation +0.01 +5.26%
$URA Global X Uranium ETF +0.56 +4.49%
$UUUU Energy Fuels Inc. +0.06 +3.95%
$SNR Senator Minerals Inc. +0.04 +3.48%
$NXE NexGen Energy Ltd. +0.09 +3.41%
$AZM Azimut Exploration Inc. +0.01 +3.13%
$CCJ Cameco Corporation +0.23 +2.52%
$LEU Centrus Energy Corp. +0.11 +2.33%
$PWM Power Metals Corp. 0.00 +1.82%
$PLU Plateau Uranium Inc. 0.00 +1.33%
$U Uranium Participation Corporation +0.05 +1.28%
$ERA.AX Energy Resources of Australia Ltd 0.00 +1.03%
@edwardThe volumes on #uranium stocks on Friday were low with a couple of exceptions (on my list) $FCU & $UEC. Some volume in the larger caps would be a good start. But hoping we've once again exhausted the sellers for the time being.