North Shore Uranium Ltd NSU

Primary Symbol: V.NSU

Energy

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

North Shore Uranium Ltd > Nevsun may be stuck around $2.50 until options expire on Fri

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Comment by StewartCatsoon Jul 19, 2017 6:26pm

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Post# 26488116

RE:Nevsun may be stuck around $2.50 until options expire on Fri

WheresMeGold wrote: The max pain theory basically states that stocks often gravitate to a level to cause the highest losses in the options market. I don't know if the amount of open interest in NSU is large enough to cause this but the max pain price is $2.50.

After options expire on July 21 you may see NSU rise or drop notably the following week.

I still anxiously await the quarterly results. I continue to believe Bisha is still the key for the stock to turn around. If cash and cash equivalents fall below $145 million then I think the stock price gets crushed.

https://www.investopedia.com/terms/m/maxpain.asp

Interesting...There does not appear to be any significant open interest to support your theory for July and August, but September is another story...