RE:RE:BNN on Tuesday evening Absolutely agree with your take Link Leisure. Red dale I think you are drawing the wrong conclusions from what was said.
The comments related to upside potential for NXE from CURRENT LEVELS. Market is putting a $450m valuation on Arrow. How will they add to that valuation from here? Important to consider when you see that 120m lbs of the total 200 has been defined by 7 drill holes, hence it is inferred, not indicated. Low level of confidence means lots of deep infill drilling is required for feasibility studies. Infill drilling is boring and expensive, speculative investors sell and the SP drops. I'm not saying infill is going to prove less pounds in the ground, but it needs to be done.... and it's expensive.
Fission was used as an example of this movement of speculative money and its effect on the SP.
These guys have reminded me of why I sold... where is there most upside potential? In a company that is bottoming or a company that is peaking?