RE:RE:RE:RE:who bought Pinetree's position in NXE? Fund ownership in NXE is high and they will now control the share price up and down. When the time comes for NXE to raise more capital, the funds will simply talk to NXE management, dictate the price, and then engineer the share price to make it happen. THE only two ways out of this situation for NXE is either a development deal or a buyout offer. My hope is that when NXE eventually does raise more funds, there will be no flow through issued. $10 million on a winter drill program, another $10 million on a summer 2016 program, and initiation of scoping, baseline studies etc suggests a financing will be needed some time 1H2016.
BDMinefinder666 wrote: In building his position, Irwin cleaned up the Pinetree block, cleaned up the loose stock from that sloppy Cormark deal and has picked up some of Sheldon's paper. Apparently Sheldon has been the one leaning on the stock, but has only 1 million shares left to go.... think my info is pretty bang on the money. Once Sheldon's personal paper is cleaned up, this stock could rocket (if of course we do not pick up another big seller that needs to get cleaned out)