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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.
@greencant ever remember seeing this few amount of shares traded
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anonymousnot uncommon, probably on pace for a million. 15 min chart looks like death
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@Gamblor@rulingmining the news you put up might eventually also influence the spot price when in a few years less Mines will be producing because of this ban and the demand would just grow out of control! My feeling is that this kind of news is just positive for our investments in general, specially long term Uranimum holders.
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@GoldfingerHaywood highlights potential upcoming catalysts for $NXE:
1. wrap up results from 40,000m winter program (next week or so)
2. PEA announcement (June/July) – expect big marketing push on back of this in US
3. start summer program aimed at continuing to grow resources (July)
4. announcement on exploration shaft decision (August)
5. commence permitting of shaft if proceeding
6. BFS early next year based on new resource figure from 2017 drilling
Kevin@SASKEXPRESS an exploration shaft could be used for ventilation or as a service/people movement and secondary egress it won't go to waste. Arrow is not deep so I would also expect a ramp to surface.
@GoldfingerOne POSSIBILITY for $NXE: Early in the week price dropped below weekly 2-std Bollinger Band and out of multi-month falling wedge only to rebound strongly and close at the high of the week http://cdn.ceo.ca/1ckqtsm-NXE.TO_Weekly_6.23.2017.png+ Bullish reversal hammer needs confirmation next week, however, oversold rally could easily reach C$2.85-C$3.00 area early next week. Nobody was calling a bottom at Tuesday's low (including me) and many were saying NXE had to go lower. #observations. $uranium
@speculatorThis little rally has left NXE room for a pretty decent pullback early next week, that would not break the current bullish tendencies. NXE definatly could have bottomed here. If the chart stays bullish next week, i suspect we could be having a good july rally. Nice to see
@Excelsior@Goldfinger - as to your point earlier today about the #Uranium space quietly having it's best day since April. Very refreshing to see. Here's a recap of the companies that had a positive ~Green day to close up the week.
#Uranium Stock Symbol Company Name Chg % Chg
$UEC Uranium Energy Corp. +0.22 +15.71%
$PBM Pacific Bay Minerals Ltd. +0.005 +12.50%
$CLE Clean Commodities Corp. +0.005 +10.00%
$FCU Fission Uranium Corp. +0.05 +9.26%
$DNN Denison Mines Corp. +0.04 +8.93%
$ARY Anfield Resources Inc. +0.005 +8.33%
$FUU Fission 3.0 Corp. +0.01 +7.69%
$URG UR-Energy Inc. +0.04 +7.14%
$URRE Uranium Resources, Inc. +0.10 +7.04%
$MGA Mega Uranium Ltd. +0.01 +5.88%
$DYL.AX Deep Yellow Limited +0.01 +5.45%
$UEX UEX Corporation +0.01 +5.26%
$URA Global X Uranium ETF +0.56 +4.49%
$UUUU Energy Fuels Inc. +0.06 +3.95%
$SNR Senator Minerals Inc. +0.04 +3.48%
$NXE NexGen Energy Ltd. +0.09 +3.41%
$AZM Azimut Exploration Inc. +0.01 +3.13%
$CCJ Cameco Corporation +0.23 +2.52%
$LEU Centrus Energy Corp. +0.11 +2.33%
$PWM Power Metals Corp. 0.00 +1.82%
$PLU Plateau Uranium Inc. 0.00 +1.33%
$U Uranium Participation Corporation +0.05 +1.28%
$ERA.AX Energy Resources of Australia Ltd 0.00 +1.03%
@ocotilloredux@SASKEXPRESS wrt $nxe an exploration shaft still needs an approved EIS largely due to the need for groundwater treatment/discharge into a local water body plus the potential for creating acid generating/U mineralized waste rock piles on surface etc etc. Put the shaft down at 7 m diameter since it does not cost much more than the 5.5 m one we put down at McArthur and will allow more fresh air into the mine since you do not want the air velocity to be over 12 m/s in a service shaft.
@Goldfinger$NXE 4-year log scale chart illustrating the recent correction is very similar to last year's. A quick move back above C$2.85 will make last week's drop down to C$2.43 look like a failed breakdown: http://cdn.ceo.ca/1cksusg-NXE_Log_Scale.png+ Another thing worth noticing is the relatively light volume on the decline over the last few months. Last week in $NXE is an example of why I often refer to weekly closing prices. $uranium$URA
@ocotilloredux@teevee I support your comments that $nxe can take this through to production. It would take about a week to put the team together here in Saskatoon. This option provides $NXE with a pretty good playing card since debt financing via CNNC CNG is the fallback.
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@tcutechnical analysis can and should be used but always paired WITH supply demand and a proper thesis on the WHEN not the IF. if you have to ask IF then you are making the wrong bet. If its just a matter of WHEN, then you have a sound thesis and a proper investment. Now use this in combination with TA to judge buy/entry points and you have yourself a proper investing mix. Perfect example of TA working when the commodity is not, check out the head and shoulders top on $NXE, follow by a reverse head and shoulders completed with a cup and handle. the reverse head and shoulders was a perfect technical indicator that it was about to turn around (which timed perfectly with the upturn in U and Trump election) but the TOP presented sellers an opportunity to take profits regardless of what the spot was doing. This was purely TA. i agree that video with the 10 year stuff is kinda BS. the guy didnt seem to know what he was doing, but there is absolutely something to be said for technicals. Now the true reality lies in the question of when .... not if.