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@cole119 Unfortunately we're cheerleading here to a fairly small audience. The broader sentiment towards U is just terrible, and obviously a driver for share prices for all U companies. No one is being spared. Lets go $4 and 500Mlbs. It can and will happen!
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@Birddog @cole119 "when there is blood in the streets :)" One could make a case that there is no better time than to be picking up U companies on the cheap. Hinkley news, build out of china and India, even the staunchest U critics concede it WILL turn around, and when U spikes it is usually quite a violent spike. The ability to accumulate a tier one asset and likely take out candidate at these prices is a gift IMO
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@StarFire $DB outperforming most gold stocks today, but stocks like $OSK or $NSU, even $NXE have more liquid cash than that bank...eveyone has two weeks to add $NRN hurry up!
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@AldenTyrell How much cash per share does $NXE have ? Thanks
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@Benedict "The Company has cash on hand of approximately $85 million"
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@StarFire That's a lot of cash!
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@StarFire Why don't they just buy up all the area plays now‽
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JJ That cash is for drilling and proving up Arrow to 500MM lbs. Why waste your money on a crap shoot when you already have a sure thing.
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@StarFire Oh.. Cool
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@StarFire @JJ just thinkin out loud... What if they go FF on us, and just issue shares for area plays‽ is that still dumb‽ .. Honesty one day uranium will be $100+ and these low penny area plays could skyrocket over night
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JJ Leigh is not that reckless. He has his eye on the prize.
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@AldenTyrell @Benedict thanks
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@EvenPrime 85 million should be "just enough" to get through this Uranium Bear Market + a couple drill holes :p
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anonymous Another big buy at the open for $MGA and up 20% to 15.5. $NXE
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@cole119 Thx. Watching $mga is a good insight as to someone's intentions re $nxe. I'm confident we will see a couple of surprises (positive) with Nxe well before the next RE. I always keep in mind that $nxe insiders don't have to report any purchases of $mga or be restricted by block out periods. Nor would any suspicion be raised if friends and family of insiders buy $mga. There's always more going on behind the scenes than the average joe knows.
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@newbie @cole119 just catching up.. Is nxe and mga related somehow? Why would nxe insiders care about a competitor / weaker asset. Sorry if my question is basic.
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@cole119 No problem, thats what these chats are for. $MGA is a very large shareholder of $NXE, approx 18-20M shares. Someone looking to get a toehold in $NXE could potentially accumulate $MGA on the quiet, perhaps even position themselves for a takeover of $MGA. Mega's market cap is approx $38M - which compromised mostly of its Nexgen holdings.
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@newbie Ash understood, I wasn't aware of that. Thank you 😀
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@cole119 Uranium at the bottom of the list... can it go much lower?
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@newbie @cole119 don't jinx it... lol. taking a hit on nxe, me, knt, and wkm. thankfully rd is holding the line.
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@Rulingmining @StarFire Part of the $85M of cash does have to go to paying off the next 3 years of interest on the debt. I think about $3M USD per year, before NXE is able to convert the debt to equity.
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@StarFire @Rulingmining thanks... It just sounds like a lot of cash which is great, so I guess Leigh has his reason of which reason I knew nothing...
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anonymous $MGA was trading in tandem with $NXE ever since the run up in NexGen started last December. However within the last two months it has been holing up a lot better due in part to these large buying volume days. Take for example July 28th Mega closed at 12c and Nexgen closed at $2.27. No look at today and Mega currently at 14c (Hight of 15.5c) while Nexgen has been trading under $1.80. Check the chart for yourself, look at the dates and the increased volume over last two months. In my opinion something is up for sure, my main holding is Nexgen and im not selling but I am adding Mega for extra torque...
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@pinnsvin Liquidated my holdings of $MGA at 0.15 today that were bought at 0.135 in May and used the proceeds to buy $NXE. $MGA is up 11% and $NXE is down 22% over that time period. Perhaps someone is accumulating $MGA to get more control over $NXE and perhaps I'll miss out if there is more upside to be had for $MGA, but a profit is a profit and the original idea was to get a discount on $NXE shares. Mission accomplished. Hopefully we're near the bottom for $NXE.
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@cole119 Reason to hold $MGA ? "something's up".. reason to hold $NXE ? what a deal. Both anonymous's and @pinnsvin's strategies are good imho.
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@Maggee It is possible to ask @Murat to banish a person from one particular channel. I recall them doing so on the NXE channel once.
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@pinnsvin @cole119 Totally agree (the timing of my post with anonymous was 100% coincidental). There may well be something up with $MGA. I still think holding $MGA is a good/ great idea. It's certainly undervalued relative to its holdings, but for myself I found the stock a bit opaque/ hard to read. But my original idea in buying $MGA was as a vehicle to hold as much $NXE at the lowest price possible and stuck to that idea. At this point I feel that $NXE is a better value relative to my own risk tolerance. On the way out selling $MGA, I was lucky with my timing. It wasn't my original plan. I was doing the same as anonymous; it just seemed like a good opportunity to get a little gain on arbitrage (if that's the correct way to use the word).
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anonymous Why whats the problem @Maggee?
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@EvenPrime @green anonymous - @maggee wrote that on the NRN channel. He's referring to a guy Ted who has been basically trash talking non-stop on there without backing up with evidence. Sort of how/why Allan got the boot on this one here a while back.
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@GTE Now have this value: ( 201,900,000 lb / 341,616,000 shares ) * ( 22.50$ / 10 ) * 1.333 = 1.772 $ CAD
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@EvenPrime @GTE and when the spot price hits 20 bucks next month ... $NXE will already be at 1.57 - I can't wait :)
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@EvenPrime But by then the Harpoon results will be out and those are going to be FANTASTIC so maybe 1.57 is far fetched. But a $20 spot price .... probably realistic right now
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@GTE If they want to slow Kazaks price has to hit 15 US
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@ratzzy777 nxe was holding a 2 to 1 market cap with fcu for some time but now it is getting well below that
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@Wannabeinvestor how low will she go?
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@cole119 Stops getting Taken out? Getting ugly. Resolve is being tested, resolve still winning due to bigger picture.
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@cole119 Volume fairly low relative to price drop.
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@Quantum Not sure, I just bought more at 1.66 against my better judgement.
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@Goldrush shorts on $nxe hard today. $1.59-1.61
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@BruceWayne $NXE getting taken out to the woodshed
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@cole119 Could someone post detailed shorts? This would be a great time for a big player to step in, any wealthy friends? Thx.
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@Birddog Think of the 3-4 month trade that is developing, in today under a $1.60 out after updated resource estimate at $3.50-4.00
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@EvenPrime No @cole119 let this tank baby so we can buy more
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@EvenPrime Anyone with level 2. Can we see what's going on right now.
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@EvenPrime Lol @cole119 my last message to ya was a little dyslexic
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@cole119 https://www.stocktrader.com/2009/05/14/trading-psychology-stages-investor-emotions/ in other words, breathe in, breathe out and practice patience. It always gets better. @birddog is bang on with the assessment.
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@teevee China has HUGE uranium stock piles http://www.crugroup.com/about-cru/cruinsight/Silk_Road_yellowcake_trade_and_its_impact_on_Chinese_stockpiles The size of the uranium market is not that large. I wouldn't be surprised if China is pushing spot prices down in order to be in a position to buy interests in deposits and equity positions in weakened uranium producers with balance sheets in need of repair. Evidence of this may be China's purchase of an interest in Paladin's Langer heinrich deposit in Namibia. Will be interesting to see if Cameco loses its case with CRA, if they will sell to China, equity and an interest in their deposits to repair their balance sheet. Cameco filed a shelf prospectus last January for up to US$1 billion. Both the u price and the CRA situation has pushed down Cameco's share price.
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@ylr $NXE cracked a serious support line #ylr http://cdn.ceo.ca/1bvcqc7-NXE.png+
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