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@HighROI @Ocotilloredux in a league of his own. Called the smelters were running out of concentrate, called the mine supply is shrinking and no expansion potential backed with pages of hand written research. What was the renminbi and macro counter argument again?
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from ~zinc,
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@ocotilloredux @HighROI And the zinc price at a five year high on its way to $1.50.
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from @ocotilloredux,
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@HighROI Adding to my positions @ocotilloredux
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from @ocotilloredux,
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@HighROI Thanks ...you made a good return.
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from @ocotilloredux,
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@HighROI Still drilling to mid Nov. They will have to review all the data and make plans still before announcing winter program.
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from #nxe,
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@HighROI Teekay news sent to Tinka page. $tk
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from #feedback,
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@PamplonaTrader Thanks for that @ocotilloredux. The more I think about it, the more I agree that the company needs to narrow it's focus. Having said that, I think there are players out there who may want to break into the SW Athabasca. Cameco and AREVA are JVed at Hook Lake. Denison has been trying for a while and finally got it's consolation prize in Hook-Carter. Rio has long been rumored as a potential suitor and has a 10% carried interest in the claims immediately east of Arrow. @BDMinefinder has speculated oil companies like Suncor and Husky may be potential suitors/partners. @HighROI has suggested Teck. In my mind, participation by any of the the well capitalized majors would encourage investment by the market at large... but NexGen has to allow participation first.
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from #nxe,
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@HighROI $cco action today suggests a likely close above 50dma. A long time since that last happened.
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from #nxe,
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@HighROI 367m shares fully diluted including CEF conversion.
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from #nxe,
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@ylr $NXE OK @PamplanoTrader & @HighROI now we can be friends again.
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from #nxe,
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@HighROI In fact in the comments he says "I like TK, maybe I'll pull apart the data someday..."
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from ~zinc,
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@HighROI Opportunity to close above 50dma on both daily and weekly charts.
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from #nxe,
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@HighROI Probably worth revisiting and acknowledging @goldfinger 's insight that a death cross often spells opportunity.
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from #nxe,
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@ylr @HighROI Late to the party ? $NXE
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from #nxe,
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@HighROI @ylr I have shares as low as .30. I was one of the first investors in NXE so not late to the party. I added at 1.60 twice.
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from #nxe,
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@HighROI Recognia has a head and shoulders breakout with a 1.92 to 1.98 target. I notice most TA guys have a triangle break out.
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from #nxe,
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@HighROI In a New York Minute
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from #nxe,
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@HighROI Bull Flag forming on daily? MACD and RSI on weekly still need work. Will be interesting to see if we make another run at 200DMA going into Dec. In any case, pretty clear in New Year unlikely we are trading at these levels. http://cdn.ceo.ca/1c38qor-NXE%20Chart001.bmp
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from #nxe,
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@ocotilloredux @highROI has a copy of the spreadsheet work I did for copper back in 2013 on how I expected $2 copper which happened and I have published here the work I did on U to predict its current dismal situation. Both of those were downers so it was nice to look at the zinc situation and predict the opposite. The miners need to continue to starve the smelters.
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from ~zinc,
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@HighROI What better way to distract market from Simandou bribery scandal than a foray into one of the most hated commodities in the world. Rio needs to generate a distraction.
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from @cole119,
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@HighROI Lundin certainly knows how to sell high and buy low as opposed to the bureaucratic mining houses that enjoy making acquisitions at the top of the cycle.
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from #nxe,
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@HighROI @ocotilloredux any thoughts on someone acquiring Langer Heinrich and putting it on care and maintenance until market improves?
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from #nxe,
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@HighROI It looks like Chinese are probably putting screws to them for a bigger stake. At the end of the day they need to retire the debt so a lower price for same stake won't do. http://www.proactiveinvestors.com.au/companies/news/169794/paladin-energy-looks-to-create-options-169794.html
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from #nxe,
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@HighROI Congrats to the $NXE team on winning the exploration award at the mines and money conference in London. http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1c436aa-1c418m3-IMG_0047Rev.jpg+
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from #index,
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@HighROI @goldfinger your chart looks like a larger inverse head and shoulders emerging from the one we just broke out of and neckline right at 200dma.
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from #nxe,
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@HighROI Per my mention last week it looks like a larger inverse H&S on daily from smaller inverse H&S breakout with a target to $2.60 . On weekly the RSI is above 50 and the MACD about to trigger. The weekly looks really bullish as though we will be setting up for new all time highs in new year.
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from #nxe,
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@EvenPrime @HighROI is there any meaning or is it just coincidence that the neckline appears to be on the 200dma?
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from #nxe,
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@HighROI Target is bottom of head to neckline to measure target. I think a coincidence but you can ask the TA master @Pamplonatrader
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from #nxe,
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@EvenPrime Thanks @HighROI , so when you take the bottom of the head, you take the absolute lowest bottom? I took the close of the day low - hence the $2.40 not $2.60 :)
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from #nxe,
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@HighROI @evenprime Target is usually a range. I was eye-balling off a small chart.
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from #nxe,
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@HighROI @TheGalvanizer any thoughts on potential financing? Treasury getting a little low. They must be getting pitched. Have this on my watch list and kicking myself for not buying at .10.
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from #vtt,
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@TheGalvanizer @HRA-Coffin was quite prescient with his comments the other day in terms of finance offers - nothing I can comment on with any real detail here however. Happy that our early mover status in the zinc space is resonating of late - rather be a little early than jumping on a bandwagon late and being viewed as such :) @HighROI
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from #vtt,
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@HighROI FCU is not a bad trade IF they are updating resource in Jan. Sounds though that now will be late 2017.
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from #nxe,
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@HighROI It would really be beneficial to NXE if FCU did update in Jan so baggies could rotate out of any Pop into NXE for march update.
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from #nxe,
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@HighROI @JKMD43 also difficult to take a massive $ premium to board.
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from #nxe,
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@HighROI @Teevee wait and learn? Should you not take your own advice and wait for them to publish the plans and budgets before taking a dump in your own bed? How many shares do you have (rhetorical question) and you are kicking up a financing rumour? This is not balance and experience talking this is simply trying to be controversial for the sake of your reputation.
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from #nxe,
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@HighROI @Teevee If NXE is around post feasibility I think the next phase in funding would take the form of debt to take them to production or them selling a majority stake leaving us with a minority carried interest.
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from #nxe,
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@teevee @PamplonaTrader, @HighROI, in March 2016, $NXE reported $31mm on hand. In June, they raised US$60mm (~Cdn$79mm). In November 2016, NXE reports $74mm on hand. Simple math indicates that NXE spent ~$36mm from March through November 2016. I expect 2017 costs to exceed $40 million for ongoing Arrow resource definition, exploration outside Arrow, in house preliminary economic analysis to guide ongoing test work, updated resource estimate and pre-feasibility study by end of 2017 to use as a basis for permit application. NXE has demonstrated they are opportunistic if and when the market facilitates financing. I expect they will do so again as Leigh himself states they are on a fast track on the road to development Arrow. Fast track="dialing up" expenditures.
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from #nxe,
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@teevee @HighROI, I don't believe $NXE has sufficient funds to get through final feasibility and permitting. Assuming NXE is still around, then yes, I agree, development will either be debt financing, or by taking on a partner to put up money for mine development and mill for x percentage of production.
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from #nxe,
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@HighROI @teevee this is only my opinion but I believe the main objective right now is 1) to get to 200-250m pounds indicated for pre-feasibility for NPV and IRR (10 years production at 20 to 25 m lbs per annum) and 2) have a really good number for the resource update. They just had 7 rigs and a shoulder season. Again, my opinion I don't see them drilling as aggressively in 2017 nor spending as much money as 2016.
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from #nxe,
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@teevee @HighROI, agreed on the main objectives, however, as you may recall, I posted earlier about the need to focus on definition of the Arrow resource to get to pre feasibility and beyond, and drop the exploration on trend. The arguments against primarily focussed on identifying as many pounds as possible on the PLS trend if not also outside it, to support as high as possible a takeover price. The required drill footage and costs increase dramatically as more uranium centres of mineralization are identified on the PLS trend outside of Arrow. To date, Leigh has elected to drill out the PLS trend, so I expect he will continue down that path until he doesn't, and I will believe that when I see it.
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from #nxe,
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@HighROI 2 metrics worth repeating for narrative when NXE releases updated resource. McArthur River currently has 342m pounds R&R. Cameco's share in both Cigar and McArthur River is 353m pounds R&R.
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from #nxe,
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@HighROI @BruceWayne ask @Ocotilloredux if he has a position in $pvg
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from #nxe,
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@HighROI $pvg That is the cleopatra vein that is at the heart of the future implosion predicted by our local sage mining engineer.
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from #nxe,
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@HighROI Last MD&A outlined requirements for raising funds. Putting my money on financing.
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from #iii,
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@HighROI @Teevee question ...do you think Chinese are more interested in security of supply or price given the billions and billions they are spending on their reactors? The Chinese are going to spend money first on securing the quality supply in the market before farting around with crappy deposits to create oversupply. They are not going to be tricky for the sake of it.
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from #nxe,
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@teevee @HighROI, can't argue with your logic, but then again, the Chinese pumped $80 million in FCU. Apparently the Chinese are easily persuaded.
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from @teevee,
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