A little bit of POSITIVE project honesty would improve the share price. Whether or not the company has this is doubtfull at this time. All we have seen in recent time is negative market small detail reporting coated with a small amount of sugar.
1. At current U prices is the project viable? Don't know.
2. Will WCU ever get to market its own yellow cake or will it (subject to viability) be an ore miner and seller into the future?
3. When will they actually mine uranium ore? Not decline and level development but actual project ore?
4. Many Options will be exercised because the shares will be made to be in the money at exercise time - unless the project is not viable. The SP only needs to be 25 cents as many free options are held and millions will be dumped onto the market for sale at any price if project progress and the SP dosn't improve before Christmas. WCU/GDN day trader supporters will snap them up at 1 cent and convert them. That will give WCU a few dollars to bank.
5. The TSX - V listing will be positive if the news on the project is positive but just how much the SP is moved is anyones guess. Any North American placements at this time will help the share price.
I'm a holder of both the shares and the options but until clear positive news is provided by the company I will not buy any more of the company shares or options.
WCU Price at posting:
20.5¢ Sentiment: None Disclosure: Held
