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Cameco Corporation Message Board

  • bohleyman bohleyman Apr 27, 2013 5:38 PM Flag

    Buy in before 5/01.....?

    Or wait and see....?

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    • Q1 results are going to suck. CCJ told everybody this in last years Q4 results. Because they told us, it should be baked into the price, but experience tells me it rarely is. I would look for the price to drop.

      Either way, I think we're OK. I believe we may be in a sector rotation where money is starting to flow back into the basic materials sector. CCJ will benefit from this rotation. Even if it does drop after reporting, I believe it will soon recover.

      If you are wanting to buy more, best strategy is probably buy half now and haft after they report. Just my opinion ...

      Sentiment: Buy

      • 1 Reply to scottdknapp
      • I agree with some of that Scott - CCJ also talked about the recovery of the spot price of Uranium. That still hasn't happened even though we're only six months from the end of the Russian agreement:
        U3O8 Price (lb) $42.50 [-1.00] 10/29
        U3O8 Price (lb) $42.00 [-0.50] 11/26
        U3O8 Price (lb) $43.50 [+1.50] 12/31
        U3O8 Price (lb) $44.00 [+0.50] 1/28
        U3O8 Price (lb) $42.00 [-1.00] 2/28
        U3O8 Price (lb) $42.25 [+0.25] 3/04
        U3O8 Price (lb) $42.25 [Unch.] 3/11
        U3O8 Price (lb) $42.25 [Unch.] 3/18
        U3O8 Price (lb) $42.25 [Unch.] 3/25
        U3O8 Price (lb) $42.25 [Unch.] 4/08
        U3O8 Price (lb) $40.75 [-1.50] 4/15
        U3O8 Price (lb) $40.25 [-0.50] 4/22

        While UR prices continue to drop it seems there's only small rises and drops in pps of CCJ. I believe in the long-term prospects for nuclear but until we see an uptick in UR in the short-term they seem to be range-bound. imo

11.710.000(0.00%)May 27 4:02 PMEDT