Naturally I asked him a few questions about the uranium business and enjoyed his patient and thoughtful answers. He also had firsthand knowledge of CEO-worthy real estate in Saskatoon. He had a great comment about the uranium speculators that took physical supply and stored it, "uranium is easy to buy but very difficult to sell."
In a recent Globe and Mail "exit" interview he was asked about why he chose to live in Saskatoon. His response was" You’ve got to be at the headquarters. If you expect to be seen as an executive team, you’d damned well better be visible as that team." This is in contrast to the Potash Corp. CEO, Bill Doyle, who was guilted into purchasing a Saskatoon address after Saskatchewan voters found out that he ran the company out of Chicago. I suspect he didn't get the nicest house in Saskatoon.
Whenever anyone asks me about using social media to promote a company, I direct them to Cameco's website and their CEO's Corner, which consists of short videos of Grandey answering 5-7 different questions per month. I'm surprised at how few companies have emulated this approach to shareholder communication.
I started my Big Picture Speculator Newsletter almost 9 years ago and the first issue featured uranium stocks (which all did extremely well) so it was treat to have things come full circle. Grandey is an bright and engaging CEO, and this year I'll recognize him if I see him in Saskatoon!