Yeah it hurts a bit considering current spot price.
But they still made decent money on the sale as I believe the bought the U inventory for around $30 per pound.
What eases the pain for me personally:
- getting shares at 7.5c and free options with 10c strike
- having some refund SPP money to buy more shares
- plus bullish Kazatomprom news (let's see how markets react tomorrow)
- plus likely Cameco production downgrade on Feb 8th
- plus likely Russian uranium ban (this month?)
- plus knowing we're cashed up and debt free
- plus being in production within a year
- plus too many other bullish uranium fundamentals to list
Yeah it hurts a bit considering current spot price. But they...
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