Finding it impossible to contemplate a jv for funding, its not likely cameco needs nexgen for its immediate issues of not having sufficient uranium and being forced to buy spot uranium to meet its orders, nexgen could alleviate its issues 5 years from now, but today cameco is forced to buy spot and mine until it sees a opportunity to fix that short term.
biggest strategic issue is who bids first and what price before the rest go after Arrow.
it's a pity you don't see a 93% 12 month return as an premium investment directly in the uranium market, because all the major uranium funds have it in their top 3...
it's not too late to hold this and enjoy the Arrow purchase show.
I doubt the buyers will allow Arrow to be constructed and I think any deal to finance the mine could well include energy providers taking a stake, and I think right now a tier 1 asset that you have to pay full price for, that one you don't allow to be decimated by bad deals that take huge stakes in the resource... I think Arrow will go as soon as the federal approvals are in...
you want to own this size resource clean and use you own capital and your own schedule
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2 | 2049 | $10.43 |
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1 | 200 | 10.350 |
2 | 2244 | 10.210 |
1 | 50 | 10.100 |
4 | 1402 | 10.000 |
Price($) | Vol. | No. |
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10.490 | 30 | 1 |
10.540 | 2049 | 2 |
10.620 | 3000 | 1 |
10.750 | 500 | 1 |
10.770 | 1168 | 1 |
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