Just felt you should know HCLP is continuing its run this morning…
Not much else happening though. Silver just took a second blow to the knee, and CCJ is circling the drain.
The CCJ melancholy is a three year recurring melodrama of such bad performance, I’d get up and leave my box if I didn’t own the theatre.
This is a part of the dance, which plays itself out over and over and over again.
Dispair at the state of nuclear power mixed with cowardly shareholders causes a thirty percent flush out, from which data releases eventually overcome and show to be unfounded, until optimism for a resolution of the nuclear energy concerns pushes us back to the top of the range from where the whole, trashy show can get started again.
Burlesque variety of performances have better plot lines than this…
The last round of CCJ earningst that were released showed that realized prices for CCJ’s uranium actually increased year over year, at the same time “market prices” plunged from $50 per lb to the $36 price they command today.
Until I see some data suggesting that Cameco is actually being affected by the doldrums of the rest of the nuclear energy sector, I have no reason to take any of this seriously.Comments »