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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@cole119Looks like ITG was a buyer at end of day. Goldman one of the sellers, but had been accumulating last 2 weeks. Morgan Stanley also a large part of the sell side. Not sure what to make of it, but large volume is usually a predecessor to something good or bad, lol
@speculatorIm glad you posted that @cole119, other than bullish engulfing, I to am not sure what to make about the the volume and the crossover at the end of the day. Having said that, i have a feeling we could get a weekly hammer by friday. We will have to wait. This what i hate about trading as a retailor. You have to make an unemotional decicion and stick to it. These banks and hedge funds like to build patterns like the one we are in to scare the shit out of retailors. I know im beating the dead horse here when i say this, but this is where fundamentals come in. My gut is telling me, big money is trying to scare retailors right before something big. Just have to continue to be patient.
@ylr@cole119 "Not sure what to make of it, but large volume is usually a predecessor to something good or bad, lol" You bet a move is coming with that volume. Shorts loading ? Based on the 1H chart, It looks very similar to the last death cross on the 1H chart. STO is High, it might see a drop in the morning. Note the huge increase of volume in the last hour. http://cdn.ceo.ca/1ciuq8v-NXE.png+
@EvenPrimeHey guys. Can anyone tell me their thoughts on CEO Pro? I got a raise at work and was thinking of finally getting it. I've heard I can get L2 cheaper elsewhere but I will admit, @cole119 looks pretty fucking cool at MIF last month showing it off to a few lads. I'd like to get it for bragging rights around my circle as well lol. But in all seriousness, private message me with any negatives I should be aware of before taking the plunge. Thanks
@cole119Nothing material to add, as there has been zero news for well over a month. Patience is needed by longs, and traders should go ahead and trade away at their hearts desire. Looking forward to meeting fellow $NXE shareholders at the AGM on Wednesday, maybe there will be some news to talk about? Last year there were phenomenal Assays reported the day before the AGM leading to our 2016 high of $2.86. Here is another #TimeMachinehttp://nexgenenergy.ca/news/index.php?content_id=167
@cole119Maybe Kazatomprom finally feels they've got a big enough piece of the pie, so no more loss leading - time to start controlling the market. Hence the upcoming trading desk, and agreed about another production cut before end of 2017. Likely timed around the trading desk activation. Uranium miners have to be reaching a breaking point.
@EvenPrimeThere were only a couple of people at the AGM yesterday so @cole119@EricTheActor@RichardHuang@JamesKwantes and myself got to speak directly with Leigh for at least an hour. While the others asked a barrage of questions, I stood back reading body language (as many of you know, that is my thing hehe) and I'll say this; we learned A LOT yesterday. My favorite quote from Leigh was,(I forget exactly how it was said) "we aren't like other companies where we need to try to sell a story. We just disseminate the facts! It makes our job that much easier. Im just telling you what is there and you can make the decision to invest in it."
@cole119Kaz not announced any more cuts. I'm speculating they will have to do another cut, and likely will announce one to spur market activity somewhat coinciding with their trading desk. Was agreeing with your "more cutbacks" comment.
@cole119One of the key takeaway's I got was Leigh's insistence the market will shift away from resource size (its already Yuge and will continue to get bigger, we know that) and start to focus on the economics of the project. PEA will be released very soon - another under promise and likely over deliver on timing. Got a feeling that it could be early July. PEA being fast-tracked to appease the US Funds who basically are saying "Fine, you got a shit-ton of Uranium in the ground - we just want to know if and how much money it can make" Once the PEA is out, there should be a re-rating of the stock and we will see analyst reports reflect that. September onwards, they will be promoting heavily in the US with the eventual goal to have the NYSE Activity up to par with the TSX activity, approx 1M shares per day. I don't remember the exact numbers he stated, but the heavy Uranium trading activity during late 2016/early 2017 - Nexgen was the go-to name vs Cameco on a large percentage of the days.
@cole119Both $URA and $CCO had good rebounds today after some pretty crappy lows a couple days ago. U spot price basically unchanged. Could we be finding a bottom? A bit too early to tell, but here's hoping both have a good day tomorrow. One day at a time....
@cole119BOC signaling a rate hike for Canada is upcoming. My guess is Sept/oct ish. Loonie gain last few days does not help $CCO at all. US rate hike might be the last one for quite some time, perhaps remainder of 2017. Low inflation fears. USD weak coming into this hike - opposite of what normally should happen.
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@cole119PEA is scheduled for H2 2017. Verbally told me as early as early Q3, which begins July. The have never promised the PEA any earlier than H2 2017 so not " that famous PEA everyone is waiting for but never comes" holds true. Patience has always rewarded longterm $NXE holders. I don't see why it will be different in the next 3-6-9 months. Some of my friends are buying today, even though there could be more downside.
@cole119Shooting range again today @speculator ? You'll need a lot of ammo this week... ;) And if I recall correctly, Allan will need to win another bet at a $2 share price for $NXE. ONLY THEN will the price turn around and hit new all time highs within 4-5 months.
@cole119@Goldfinger from conversations with Management and a couple large/influential shareholders, I highly doubt a $1m USD offer gets entertained. It would have to have EXTREMELY lucrative kickers. There is no rush to sell Arrow, if that is one exit thought by management (I think it is). Lots of cash in the bank, still need much more time to fully understand size of the deposit. The U market will have a couple more yo-yo's before any TO of Arrow.
@cole119@Rulingmining the interest is as follows: $60M USD @ 7.5% Annual, Payment bi-annual consists of 2/3 cash, and 1/3 shares. Therefore $750K USD worth of shares = 325-350K shares. Use the average share price of the last 20 days before trading. Payment date is June 9th, so already happened - reflected in the share count on the short position chart I posted earlier. Increase of 327K shares, so they were paid at a USD average price of $2.29. Fairly minimal dilution, works out to .1% every 6 months.
@Excelsior@cole119 - I agree that banning the new projects is a positive for existing projects (and is probably why Vimy was up 23% yesterday and 20% today). The 4 projects that are grandfathered in were the big ones with the most development anyway, and those are still in the pipeline for future supply.
Again, there are still other #Exploration and #Development projects in Australia (outside of #WesternAustralia) that are unaffected by the decision.