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Investment Strategies / Interesting Microcaps
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Author: ajm101   😊 😞
Number: of 46 
Subject: Fission U (FCU.TO, FCUUF) acquired
Date: 06/26/2024 12:55 PM
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A lot of interesting microcaps are in junior resource development companies.

Importantly, there are also plenty of scams! Beware!!

https://www.reuters.com/markets/deals/australias-p... - one that I'd owned for a while was acquired recently. The Athabasca Basin region has some of the highest grade uranium ore bodies. I personally believe that this will be an area of infrastructure investment, and that fuel costs have almost no bearing on overall project considerations or cost of power. I think consolidation is inevitable.

The largest, Cameco, is not a microcap, but independent companies like Nexgen (https://finance.yahoo.com/quote/NXE/), Denison (https://finance.yahoo.com/quote/DNN/), or UEC (https://finance.yahoo.com/quote/UEC/) are under $5B USD.

I'm curious if anyone else has take a look at the sector. I have been up and down with it, and seen optimism come and go, but a $1B acquisition is a notable change.
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