Uranium Stocks Run out of Gas

Sep 1st, 2008 – Comment

Hello Mr. Lou, My good friend Gurpreet told me that you are the man with all of the answers. Recently I heard about yet another uranium explorer in the Athabasca basin called Fission Energy – FIS. What do you know about them and their management? Thank you very much Mr. Lou, Kamal Hi Kamal, Give […]


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FIS stopped running in the spring

FIS stopped running in the spring

Hello Mr. Lou,

My good friend Gurpreet told me that you are the man with all of the answers. Recently I heard about yet another uranium explorer in the Athabasca basin called Fission Energy – FIS. What do you know about them and their management?

Thank you very much Mr. Lou,

Kamal

Hi Kamal,

Give my regards to Gurpreet and tell him thanks for the endorsement. I may not have all the answers but I do know this, the time to buy a stock is when it’s going up and Fission Energy Corp, FIS TSXV, stopped running in the spring.

FIS 3 Year

FIS 3 Year

You are correct they have a good land base in Saskatchewan and their management seem seasoned enough but the stock is making new lows on a steady basis.

It got a bit of a lift on the Cameco news that they had more flooding to deal with at Cigar Lake putting the world supply of uranium in doubt once again. But it didn’t turn the stock out of the downtrend.

Uranium stocks had a great run but have run out of gas so it would be wise to watch FIS if you like their land base and drilling results. But wait for the turn; remember the best time to buy a stock is when it’s going up!

Happy Capitalism!

Categories: Uranium
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