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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

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

Post by investornoton Feb 06, 2024 4:33pm
186 Views
Post# 35866184

A retiree's dream stock!

A retiree's dream stock!NXE has been a great holding since I first bought in early 2020. As I typically do I used ± 1/3rd of my holdings to trade peaks and valleys along the way so I had all my original investment out for quite some time already. 

Looking for a good exit point and had for some time a personal target for this to settle in around $12-$14 a share before its next run. Along the way I expect some manageable risks including the cost of construction and M&A's that in my experience do not always work out in the best interest of the retail shareholders. I hope to see this company make it to production without interferrence. 

Waiting currently on the Federal EA approval that IMO will give a boost to the share price. CCO which is leading the charge I expect will also see nice returns through 2024. I do expect gains to slow in 2025. If/when my targets are achieved I will possibly keep a small holding for S&G's and move the proceeds to dividend paying stocks, GIC's, spoiling my grandkids and an increase in travel spending. 

I don't expect to ever worry about retirement savings in part thanks to NXE. A good problem to have I must admit. GLTA...
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