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Cameco Corporation Message Board

bucketboy08844 10 posts  |  Last Activity: Sep 17, 2014 9:57 AM Member since: Aug 2, 2002
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  • Reply to

    WOW

    by azgreasygrass Sep 16, 2014 4:07 PM
    bucketboy08844 bucketboy08844 Sep 17, 2014 9:57 AM Flag

    My guess is some momentum player(s) getting impatient with nothing much in the way of news and activity after the Tesla Giga-Factory buzz. Given that, I think we’ll see a slow move back up to around $1 in the next few sessions and tread water while waiting for some news on partners and financing the build out...

    Sentiment: Buy

  • bucketboy08844 bucketboy08844 Sep 11, 2014 1:56 PM Flag

    Could be massive long crude contract liquidation over the past month or Yen/Dollar carry trade - as Yen falls (over 106 from around 102) against the dollar, stocks go up, gold and oil fall, or maybe Exchange Rate Stablization Fund playing in oil markets via Treasury thru Citadel Capital fronting trades.

    Longer term I wouldn't worry about oil. And this price area for COWSF has been a decent entry point for new money if you have it. Look for a good bounce soon..

    Sentiment: Buy

  • Reply to

    Regarding partner or financing..

    by cwclark1 Sep 5, 2014 1:27 AM
    bucketboy08844 bucketboy08844 Sep 11, 2014 9:51 AM Flag

    I share the same concerns and I think you’ve summed up the quandary here. Lots of ‘proven’ high-quality reserves with good forecasted financials but slow to secure financing to bring the property to commercialization and production. I’ll just brainstorm a few ‘ideas’ and see if any of them stick to the wall. So what could be the problem?

    Things are happening in the background and management is simply doing a poor job of communicating this progress promptly and effectively to the market and shareholders.

    Graphite prices have fallen, which impacts the economics of the mine, so the company and potential financing sources are waiting for a clear sign they’ll turn higher at some point in the future.

    Management lacks the ability and expertise to bring the project to commercialization.

    The Giga-Factory is a lot further away from becoming reality than most understand.

    The TSLA says they are going to source via N. American producers but with slack demand they can get a better deal with current foreign producers and not expend any effort or capital helping to bring domestic suppliers on-line.

    Synthetic graphite solutions are a lot closer to augmenting natural supplies than is understood.

    Unspecified political or legal issues in the background are holding up progress.

  • With Argentina's 'defaul't of bond payments and more trouble brewing it appears to me that Kirchner's regime is on borrowed time. Any opinions on what a more 'capital friendly' government might mean for MUX? I can only assume it would mean the market would place more value on MUX for their share of El Gallo and increase the potential sale price of Los Azules in the country and therefore have a positive impact on the share price. But I would like to hear from others on the topic. Thx..

    Sentiment: Buy

  • Reply to

    Revenue.....

    by cwclark1 Aug 14, 2014 2:55 PM
    bucketboy08844 bucketboy08844 Aug 20, 2014 10:17 AM Flag

    I agree. I am in for a decent amount of coin here but drilling, defining, and evaluation of the resource deposit can only take you so far. At this point in time we know its economically viable, even more so based on the latest results, from drilling and quality testing so what's the point of drilling more holes?

    And what else does management have to do other than lining up financing and preparing for the constuction of the mine and facilitie? Time to make some calls and send some e-mails to see what these guys are up to here and get some answers..

    Sentiment: Buy

  • Reply to

    Any rational people out there?

    by needmassage123 Aug 14, 2014 4:08 PM
    bucketboy08844 bucketboy08844 Aug 15, 2014 11:16 AM Flag

    4 main drivers of the share price I watch out for are: 1) ramp up of production/output, 2) price of gold and silver, 3) changes to the capital controls in Argentina, 4) institutional money flowing into the mining shares. I see some positives with #1 and #4, trading range at this point with #2, and nothing happening with #3 which is a negative.

    I don't see much downside risk in the price of gold at this point because Asian buyers (public/private) would jump at the opportunity to acquire big tonnage at prices into the mid-1,200 range. But what's the upside catayst at this point? Not clear on that.

    My guess is the floor on the share price is around $2.50 right now.

    I saw McEwen's $5,000 prediction which some think outrageous but is it really? In the 60's the London Gold Pool kept prices pegged at $35/oz for a long time through 'management' of the gold market. When the Pool broke down along with removal of gold backing to the dollar prices rose, peaking above $800 before settling into a lower range. That's a 22x gain to the peak in price so when the current gold management scheme breaks down is a 4x gain that hard to accept at possible? At this point in the cycle its only a matter of time before the price suppression scheme blows up. And since there's something like 50+ claims against each oz. of real gold all hell is going to break loose.

    Sentiment: Buy

  • Reply to

    gold 5000 dollars in 3 years?

    by panickbuyer Aug 13, 2014 5:53 PM
    bucketboy08844 bucketboy08844 Aug 14, 2014 2:24 PM Flag

    Just as hedging would have made sense at 1900, the producers holding back sales or cutting back on ore processing and mining at these prices would make sense too. As a shareholder I could support that given the expectation of higher future prices.

    Sentiment: Buy

  • bucketboy08844 bucketboy08844 Aug 11, 2014 3:46 PM Flag

    Yup, its still a speculation and as downside risk gets flushed out by more progress the share price will rise. But the OP's question is valid. If the property is so promising you'd think the pace of progress with financing and build out plans would be a lot faster. With such a compelling business case why isn't it? As is the case with almost all these development stage 'stories' you've got to keep your ear to the ground and an eye on the exit at all times.

    Sentiment: Buy

  • bucketboy08844 bucketboy08844 Aug 6, 2014 11:09 AM Flag

    Along with pretending that current inflation doesn't exist by utilizing under-counting methodologies for CPI.

    Sentiment: Buy

  • Reply to

    Why a Tesla Buyout Make Sense

    by azgreasygrass Jul 26, 2014 12:13 PM
    bucketboy08844 bucketboy08844 Jul 28, 2014 12:00 PM Flag

    It's an interesting question and the answer might be based on the type of business model Musk sees as most effective for Tesla. Do they want to horizontally integrate the battery factory concept down to the ownership of material inputs needed to supply the factory and build the batteries? Including Graphite and other materials? The purchase price of Northern would be but one 'cost' because there is also the ongoing cost of labor, equipment, facilities, along with the cost of mining and refining the graphite. From the perspective of batteries I understand he sees this as a major bottleneck to the expansion of production. So looking at the critical supply path the gigafactory makes sense. But does that extend to other inputs to the factory?

    Sentiment: Buy

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