RE:Pamplona TraderHello Teevee,
I've privately intimated that NXE is about a week away from a violent break. Range has been relatively tight since the last NR and my feeling is volatility is imminent. The $0.70s have been holding up so far, but mind the open gap at $0.63.
Like yourself, others have expressed concern about the end of the drill program encroaching and liquidity drying up as a consequence. If anon wanted to sell, they may get their opportunity with the next NR.
That said, I fully expect the best results ever on the next batch of scints. Assays follow. Traditionally, the end of a drill program is also when juniors go to the market with hat in hand. NXE has cash and will not need to raise money.
Also, don't rule out corporate action.
teevee wrote: See chart below. The chart suggests NXE will either break to the upside or downside. With the end of the summer program, maybe we break to downside until winter drilling program starts? What are your thoughts? TIA.
