The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@cole119@BruceWayne@Allan mentions that $NXE is a chronic diluter, but their debt deal with CEF Holdings shows the opposite. That was a very creative way to get cash immediately with minimal dilution. Nexgen has done a wonderful job taking care if it's major shareholders. The growth in the resource (and share price) washes away any dilution tears, if we are to see some more. Perhaps Arrow will get picked off before the next dilution needs to happen.
@cole119Bids really stacked up in the last half hour, especially at $3.14. Otherwise a very *yawn* day - If @Goldfinger didn't chime in (excellent chart as always, btw), we may have gone the whole day without a single $NXE post!
@cole119Nice move today by $NXE, CIBC trying to keep a lid on it, as they have been for a full month now. They're up to something. 500K cross trade a few days ago, and they are a Net buyer last 2 weeks. Who buys or sells 100 shares... honestly !?!
@cole119@Hochtief CEO Pro is a worthwhile subscription. As many of us spend most of our day in here now, the level 2 details along with live price action mean you spend less time elsewhere. I am not an active trader, far from it but I am an active lurker. Try it out! won't hurt. I don't mind giving $$ back to Ceo.ca for the value it provides me.
@cole119@wannabeinvestor, @Vaughan if we take @ocotilloredux figure of C$30B (in-situ ore value, not NPV), and go 10 or 30% the numbers are $3B or $9B. Takeout price of Arrow likely to be in the $3B range which works roughly to 9$ per share. Hathor was taken out at $11US per Lb if my memory serves me correct. That would put Arrow at $3.3B USD, or $4.3B CAD, based on the current 300M Lbs.
@ocotilloredux@cole119 Yes, $C30B is the eventual revenue. The thing pension funds understand is that current financial models have major shortcomings wrt to determining the value of long life assets due to the usually unrealistic discount rates used in the current environment. But they need to match cash flows with obligations for the 30-40 year long haul, not the next eight years, so pension plan involvement here would be absolutely ideal if they have a sense of risk taking. Ask yourself, what is the U market going to look like when Cigar Lake is exhausted and McArthur River is on its last legs? Retail investors do not think in this sort of time frame. They want the world and they want it now. So I praise Li Ka-shing for his long term vision here.