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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

NexGen Energy Ltd. is a Canadian company focused on delivering clean energy fuel for the future. It is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It is focused on optimally developing the Rook I Project. It has a portfolio of highly prospective projects, including its 100% owned Rook I property that is host to the high-grade Arrow Deposit, South Arrow, Harpoon, Bow, and the Cannon area. The Rook I Project is a development-stage uranium project in Canada. The new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin, located in Saskatchewan. Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery. The Rook I Project, host of the Arrow Deposit, which is a development-stage uranium project in Canada and is 100% owned by NexGen Energy Ltd. The Rook I property hosts the Harpoon Discovery located 4.7 km northeast of the Arrow Deposit.


TSX:NXE - Post by User

Bullboard Posts
Comment by PamplonaTraderon Aug 20, 2015 2:45pm
142 Views
Post# 24036974

RE:RE:RE:Citigroup and Cormark are buying

RE:RE:RE:Citigroup and Cormark are buying
thinkahead wrote:
The reason that the NXE share price passed FCU today is because of that Citigroup and Cormark buying.


Pretty sure I've observed Citi on the bid for several days.  HighROI has been tracking Global X ETF (URA) accumulation since the end of July and it appears Citi is one of their house banks.  Cormark has been a constant presense on the bid as well.

In private conversations, I've speculated that the Anonymous seller could be MGA.  They have negative working capital and have JV funding requirements to meet.  They cold be selling some NXE to raise cash.  

Cormark and URA got wise to the selling, they have been in the habit of stepping aside early in the session to allow Anon to puke... then like clockwork they step in late in the session to mop up cheap shares.  It's why I was confident NXE would close strong yesterday when BCSilver did his usual bottom ticking with his comically bad/amateurish TA.

Recently, it would appear that Anon selling is starting to dry up.  The bidders will start to front run each other once they feel Anon is done.  


Bullboard Posts