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@MiningCatalyst Even $NXE is flatt
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@Goldfinger Serious question: Is Cameco Corp $CCO $CCJ going to 0? http://cdn.ceo.ca/1bunvff-CCJ_Daily.png+ #uranium $nxe
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@PamplonaTrader @Goldfinger ask Li Ka Shing $NXE
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@PamplonaTrader @goldfinger 1. The remaining ore at McArthur is technically challenging, they've picked the low hanging fruit. 2. Per Cigar Lake NI 43-101, remaining estimated capital cost is $1.2Bln ...or about what it will take to put Arrow into production per Doug Beattie @Ocotilloredux. Cameco's share of Cigar Lake just 113mlbs in uranium reserves https://www.cameco.com/annual_report/2008/annual_financial_review/mda/reserves_resources/uranium_reserves/ 3. Cameco's total reserves (across all assets) are 495mlbs. Arrow, alone, has estimated resource ~400mlbs with visibility to 600mlbs not including any of the regional targets/recent discoveries. 4. Does your book value include the potential $2.1bln tax liability? 5. I suggest you find some industry insiders to get caught up on the state of affairs within $CCO $CCJ, you'd probably find that things aren't close to turning around anytime soon. $NXE #uranium
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@PamplonaTrader If you like surprise cost overruns and the constant threat of operational disruptions or maybe getting smacked with a $2.1bln tax bill by the CRA, be my guest and buy as much $CCJ $CCO as you want. DYODD... not the kind where you're spending 2 minutes looking at finviz #uranium $NXE $CCO $CCJ Cigar Lake Story https://www.youtube.com/watch?v=NNpthy_TxOo+ $NXE #NoGroundWaterIssues #Uranium
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@Oliver @PamplonaTrader we understand that $NXE is your favorite ;), but you can't say $CCJ isn't a solid, established company with a long track-record and as biggest producer the prime call in the #uranium space; beside all cost overruns and the challenging deposits; and this major is pretty cheap imho
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@Oliver all known @PamplonaTrader and fully agree that the supporters are world class; anyway it's difficult to compare a major producer like $ccj with an explorer $nxe; better be long both as $ccj will lead the way in the #uranium space
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@PamplonaTrader @Oliver, it's too bad you're not participating in the discussions we have in the #ptcharts private channel. There are quite a few industry insiders on the roster and they have some very interesting insight with regard to Cameco. No one has the balls to buy Cameco, but all of them are invested in NexGen $NXE. Go figure... $CCJ $CCO #uranium
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@PamplonaTrader In fact, @Oliver many with concentrated positions in $NXE are hedged by shorting $CCJ $CCO $URA. #BestOfTheBest #Uranium
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@PamplonaTrader @Oliver real question. How many insiders have you spoken to? No offense but... https://s-media-cache-ak0.pinimg.com/236x/56/21/6c/56216c02058338bb297487faaefdc7b4.jpg+ $NXE $CCJ $CCO #uranium
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@PamplonaTrader If you understand and agree with the thesis that Arrow is a strategic asset and $CCJ $CCO *MUST* acquire it... then theyre a short if they cant take out Arrow and theyre a short if they do take out Arrow in a bidding war. It's damned if they do and damned if they dont. $NXE
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@PamplonaTrader @T really no offense. Just chase down an industry insider - Not Rick Rule, Not Dev, Not Amir. Ask someone who actually works/has worked with Cameco for a sober view of the company. There are a few on CEO.ca $CCO $CCJ $NXE #Uranium
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@Goldfinger @PamplonaTrader I appreciate your insights and you make some excellent points. Any thoughts as to why $NXE has been so weak?
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@PamplonaTrader Thanks @Goldfinger nice shooting on $NXE. To answer your question though, bored traders. Insiders are not selling.
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@PamplonaTrader @Excelsior I've said from the beginning I'm generally (medium term) negative on the U sector. I wouldn't touch any of the other U stocks. In the last 3 years, every U stock has gone down with the exception of $NXE. This is because Arrow is not just exceptional, it is generational.
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@Excelsior @PamplonaTrader - Yes, I understand that in a bear market, the #Uranium producers and development stocks go down - just like a bear market in any commodity. Sometimes an exceptional exploration play may buck the trend like $FCU Fission did initially, and then $NXE Nexgen and $CVV Canalska. Eventually, spot pricing will come back up for Uranium producers and development stage companies, and in that environment the odds of getting a multi-bagger out of one of the smaller producers is much higher than with $CCO Cameco. That was my only point. Exploration plays will always garner the most attention and I agree that NXE is a generational find, but like Oliver said it won't go into production for many years. When the U3O8 price does finally jolt up in the next year or so, many of the unloved and forgotten #Uranium miners will stage a shocking comeback IMO.
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@PamplonaTrader @Excelsior I concede that the sector is close(r) to a bottom. My argument is why not buy the best in class exploration asset, one where many will fight to acquire? Not just the uranium producers, but also diversified miners like Rio. I will add more on this thought later. $NXE
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@regan @PamplonaTrader I agree with you almost 100%. If I were predicting a bottom I would place most of my funds in $NXE, but at the margins pick up some of those real beat up tiny explorers in Uranium.
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@Excelsior @PamplonaTrader - Yes, I own $NXE and am as excited about it as anyone, but I have done exceedingly well in the Gold and Silver markets by acquiring the undervalued Small Producers and Development stage companies in Dec of 2105 and Jan-Feb of 2016. I made a fortune in #Lithium by positioning in 2015 with the real companies (not the marketing fluff) that were on track to be producers like $OROCF Orocobre, $GALXF Galaxy, $RRSSF Neometals, $LAC $LACDF Western Lithium that became Lithium Americas Corp, and $NMKEF Nemaska Lithium. 3 of them are now in production, and the other 2 are likely next to play ball. My thought process is that the same thing that happened in PMs and #Lithium will happen in #Uranium when the tide turns over the next few years. (I could be crazy though ;-) As always I appreciate your thoughts @PamplonaTrader and I'm rooting for NexGen just like the next investor. I think @Ty had a good chart out this morning that seemed reasonable regarding the double bottom. We'll see how it goes.....
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@JamesKwantes $NXE getting some love. Credit @BDMinefinder at Mines and Money or @PamplonaTrader in index?
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@green keep talking @PamplonaTrader
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@bulava @JamesKwantes and $MGA following $NXE up as well, as it should.
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anonymous Weird trading in $MGA lately, someone has been making massive bulk buys. Mega is clearly a takeout target for some institution to acquire 19,376,265 common shares of $NXE + get all their other assets for nothing http://megauranium.com/properties/equities/ http://megauranium.com/properties/
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@cole119 Could a large player be accumulating $MGA? (BHP, Rio, Chinese Company). Weird trading usually means something's up. Quite the volume today. $NXE related
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@racker Dundee's Dave Talbot reiterates his BUY rating on Nexgen Energy $NXE with a $3.40 price target and expectations of 290-305 MM lbs #uranium. Haywood's Colin Healey reiterated his Buy rating and $4.00 target on Nexgen earlier. Healey expects a new resource estimate for the Arrow deposit in Q4 of this year or Q1 2017.
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@PamplonaTrader Before buying any other Athabasca explorer/developer/miner, be sure to watch this short film to understand why ex-chief engineer Doug Beattie is buying $NXE, only: https://www.youtube.com/watch?v=NNpthy_TxOo+ http://business.financialpost.com/executive/smart-shift/cameco-cigar-lake $DNN $DML $FCU $CCJ $CCO $UVN $CVV #Uranium #CigarLakeTechnicalNightmare
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@HRA-Coffin He was early on $GQC and $NXE after they made discoveries. In both cases Rousseau bought placement but also bough quite a lot in the market. $NRN
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@cole119 Global X Uranium ETF was a fairly large seller of $NXE since Mid August. Does anyone know if there is a way to see the fluctuations of all their holdings from a historical standpoint? I'm assuming that info is not really archived for public view (I know I can see current holdings, which is updated daily). I heard the fund held as much as 12M shares of $NXE at one point.
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anonymous I have a lot of the reports saved on my computer, here is one from August 10th. The Global X Uranium ETF had over 8M shares (not 12M) of $NXE and they sold over 1M since then. http://cdn.ceo.ca/1buokp8-GlobalXUranium_Aug10th2016.jpg+ I also noticed over the last 4/5 months they increased their $MGA holdings.
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@cole119 Thank you. Since the average person cannot see who is buying and selling any stock daily, this is one source that could be monitored and perhaps sway ones decision. Ie - "follow what the ETF does - they must know more than I. If they're selling maybe I should too". In other words, sellers might have copied Global x. Hope they've finished their selling. How about their Cameco holdings? Have they increased the share count to offset the value decrease?
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@cole119 Looks like their CCO count is up by 55k shares from Aug 10, costing approx $550k. Some of the $Nxe money definitely went there, for rebalancing purposes I assume.
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anonymous Also fax selling is going on + this ETF (and other funds) probably have a lot of redemptions going out.
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@Benedict Just an observation from the Globe Article... If Rousseau Management has $100 million under management and they own 30 Million shares of Nexgen ( at mkt value of $2) doesn't that suggest they are a bit over concentrated? If it works , it works...
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@EricTheActor I've been hearing Rosseau assets under management were $100mm since late 2015 when $NXE was 60c and gold stocks hadn't made their move. Gotta be closer to $250mm by now.
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@ocotilloredux This is a report I did last year prior to the first resource estimate. I did this report for a third party and I did receive compensation for it. This third party stated in the past that they had no issue with me sharing it. I removed the last page from this version since it discussed strategy going forward and was a little sensitive. http://docdro.id/6V4nesb If I had to do this report over again, I would probably use a production rate of 15 M lb a year instead. This would likely take the operating cost down to about $11-12/lb at current exchange rates. #uranium
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@PamplonaTrader CEO.ca super lucky to have @ocotilloredux sharing his thoughts
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@Ty @PamplonaTrader +1
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@EricTheActor Others seeing premarket at $2.08?
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@Daniel @ocotilloredux Your input is just massively rewarding. As a geology student it is just eye opening to see how your applied thoughtprocess works. University is nice but soooo much theory... Thanks a lot!
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@Pete It feels illegal to even read this stuff! Pure gold for anyone interested in mining
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@HighROI @Ocotilloredux Puts in hard work, has loads of experience and humbly offers his comments in the mining space. I owe much of my success in NXE to him. I was lucky enough to pick his brains early in the game.
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@Anomalous $NXE strong today - $1.99-$2.00
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@Wannabeinvestor An upday on greater than average volume
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@cole119 Decent Volume on $NXE today, approx 2.3M shares , and held the $2 line. It very well could be the selling pressure has finished. Bids have stacked up nicely and asks are thin. Perhaps the market has spoken, and feels $2 is a comfortable level based on current conditions. With this in mind, a 400M Lbs RE2 should equate to $4 share price. U price recovery would be a bonus. I spoke to a very smart U guy, and $NXE investor yesterday. He has suggested there are only 2-3 mining operations that are profitable at current U prices, so mine shut downs are inevitable. Combine that with @ocotilloredux 's fantastic share today, with how low cost production would be at Arrow, it was suggested that a buyout offer will likely hit before 2017 end at the latest. Arrow is just too easy/cheap to mine, and is too big to ignore. Good luck to all longs!
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anonymous yes surprised with the super tight $1.99 - $2.00 range for most of the day on relatively high volume
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anonymous I found it very interesting that @ocotilloredux report indicates ballpark $20CAD/lb ($9 mining + $11 milling) cost to produce for $NXE Arrow... Compare that to the just commissioned worlds 2nd largest U3O8 mine (Mcarthur River is #1) - the Namibia Husab project @ ~$28.50USD/lb or $38CAD/lb to produce. That Husab mine also cost 1.5Billion USD to build http://www.mining-technology.com/projects/husab-uranium-project-namibia-swakop/ this link shows $32USD/lb -- $43CAD/lb for Husab and 1.66Billion USD capital cost http://www.world-nuclear.org/information-library/country-profiles/countries-g-n/namibia.aspx
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@teevee @anonymous, I believe CGN's strategy at Husab is to keep uranium in oversupply, thus keeping prices low for as long as possible. They may be willing to produce at a loss in order to keep uranium market over supplied.
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anonymous @teevee makes sense forsure, prob will work short term, but might shoot their own foot too if they bankrupt too many other producers
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