From watching the share price of FCU, it has always struck me that it was being controlled so that it would only sit at a particular value. At present I would think that the last 6 to 8 month average of this stock is around $0.70. FCU is thus ready for the picking when the time is right by the company/group that wants it. It could be picked up at some low multiple of this number, likely something above the$0.85 mark because of CGN's interests. At the present time it would seem that there is no reason to offer any larger amount.

To hold the stock at this level would also not necessarily be a big cost in shorting or buying the stock necessary to keep it there. Thus a company like Cameco, Areva or any of the other big groups could keep FCU on the back burner for a long time until they are ready to absorb it without having to make a huge outlay. In this way they could keep selling there own more expensively produced product so that they could monopolize the market in their favour so that they could make enough to at least cover their capital outlays.

I am sure that they do not want any other competitors in the region until this is so.

Anyway this is just a thought as there sure doesn't seem to much interest in FCU.

R.