Re Re RE BalanceMy post was in response to a merger . NXE can make a takeover offer anytime they want. NXE is in no position to buy anything, they are an explorer and are good at it. They are a year or more behind FCU and rememmber FCU shares traded at over $1.70 on good drill results. Then they needed cash to keep drilling which caused dilution etc.
NXE needs to have very good drill results before the cash runs out ,or say goodbye to the current stock price. Drill results should be released any day, must be good.
If your are an investor no problem as selling is not the focus, if you are a trader good luck to you. Investing in this markket will put you back to work to raise more cash to continue. Watched the carnage in my banking days.