Nexgen Energy Ltd T.NXE

Alternate Symbol(s): NXE

Energy

NexGen Energy Ltd. is a Canada-based company focused on delivering clean energy fuel for the future. The Company is an exploration and development stage Company, which is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It has a portfolio of highly prospective projects, including the Company's 100% owned Rook I property that is host to the Harpoon, Bow, South Arrow, Arrow Deposit, and the Cannon area. The Rook I property is a development-stage uranium project in Canada, which is located in the uranium rich district of the southwestern area of the Athabasca Basin, located in the premier mining jurisdiction of Saskatchewan. The Rook I project hosts the Harpoon Discovery located approximately 4.7 kilometers (km) northeast of the Arrow Deposit. The Bow Discovery is located approximately 3.7 km northeast along the Patterson Lake Conductor corridor. The South Arrow Discovery is located 400 meters (m) South of the Arrow Deposit.

TSX:NXE - Post by User

Nexgen Energy Ltd

Bullboard Posts

Comment by teeveeon Jan 31, 2018 12:47pm

138 Views

Post# 27471825

RE:Fake Spot Price continues to influence.

Long term contracts are tied to, and fluctuate with spot prices through complex formulas unique to each long term contract. Until and if long term contract prices are decoupled from spot, uranium stocks will continue to be impacted.

Destinator wrote: How can a price that seems to be set abitrarily continue to impact Uranium Stocks?

It boggles the mind that every day the Futures prices drops a few cents per lb yet no contracts actually exchange hands.

Today it fell $1.10 for no apparent reason. We will see if the number of contracts actually resemble any significant volume. The past couple of days the Futures price droped without a single contract changing hands.

Hmmm. If we could figure out how to move the Futures Price without actually bying any contracts we could make a fortune buying these Uranium Stocks. Do you suppose that someone beat us to that game? Are you tired or my sarcasm? I hope not because I'm just getting started.