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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

Comment by thorgb1on Jun 20, 2016 11:35am
191 Views
Post# 24980069

RE:RE:the Peacock effect

RE:RE:the Peacock effectI believe that NSU bought RMC with the full intention of taking the asset to production.......but Lundin covet Timok. On the last LUN shareholder call, Paul Conibear quite frankly stated that they had been outmanuvered by NSU, and that they would not be pursuing any other acquisition at this time, because there was nothing comparable available anywhere in the world. Bottom line, Lundin is looking to divest their share of Tenke (after of course Freeport dumped their share a couple of months back), so they will need something to invest that cash back into. Lukas isn't going to sit on a big pile of cash for long, and they will need something to replace the reserves they are losing at Tenke. It would not be surprising to see Lundin move to acquire NSU this fall. I stand by my prediction of $5-6 a share, minimum, by the end of 2016.
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