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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

North Shore Uranium Ltd., formerly Clover Leaf Capital Corp. is a Canada-based company, which is engaged in the exploration for uranium deposits at the eastern margin of Saskatchewan’s Athabasca Basin. The Company conducts its exploration programs on its two properties, the Falcon Property and the West Bear Property, and is evaluating opportunities to increase its portfolio of properties in the region. The Company has the option to acquire a 100% undivided interest in 11 claims that form approximately 77% of the Falcon Property.


TSXV:NSU - Post by User

Bullboard Posts
Comment by 13rvdon Aug 23, 2011 11:21am
299 Views
Post# 18970782

RE: RE: RE: NSU News Out!!!

RE: RE: RE: NSU News Out!!!Agree with you phirang ... NSU GOT ROBBED!  Should have settled for around $600 million based on 2007 agreement - although they never said what the discount the the NPV would be.  Never thought the discount would be anywhere close to that!

Agree with you about the gov't not being so business friendly! Other companies will think twice.

I guess all we can do is take our lumps and move forward from here.  Hope they are charging the government a good interest rate on the money they owe us.  I hope they are selling the gold as we speak ... my understanding is that there are no hedged contracts and the trucks are leaving with gold and returning with a load of cash. 

We should still see the share price hitting double digits soon (even though the government was just subsidized by $2 share).

Bullboard Posts