stanley wrote: Lurk & Learns:
Are Newsletter writers "paid pumpers"? Just like those "analysts"/pseudo promoters hoping to profit from INEVITABLE (most recent $0.50 for $30 mln) financing?
Recently an analyst in an interview with a German promoter, suggested the combination of the two plays in a West Side Story.
I still contend that CIMM 43-101 disclosure rules must be extended to cover analyst under the guise of promoters (and vise versa) willing to make claims "like combination of the west side" without the footnotes required under a disclosure and QP requirement of a true KMIC document.
I'm sure that such opportunities to promote without having a CIMM NI 43-101 document and/or reference are NOT in the best interests of the retail shareholder; but only serves to benefit those nimble enough to enter and exit at the most opportune times.
Not to mention, the "under the lake" quoters and "away from the lakes" options might be less onerous as based on a recent observation of the corebox sections. i.e. with an entrance at R000 and ramps and switchbacks to the orebodies.
BWDIK?
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Kwantes refreshes NexGen Energy buy
NexGen Energy Ltd (C:NXE)
Shares Issued 294,770,629
Last Close 3/21/2016 $1.40
Monday March 21 2016 - In the News
James Kwantes, in the March 13, 2016, edition of Resource Opportunities, refreshes his buy of NexGen Energy Ltd., recently $1.42.
Mr. Kwantes said buy on March 29, 2015, at 45.5 cents and on Nov. 30, 2015, at 68 cents. A previous editor of the newsletter, Lawrence Roulston, said buy three times from May 24, 2013, to Aug. 26, 2014, at prices ranging from 30 cents to 54 cents. Assuming a $1,000 investment for each of the five buys, the $5,000 position is now worth $15,351.
NexGen recently released its initial resource estimate for its high-grade Arrow uranium project in Saskatchewan's Athabasca basin. The estimate solidified Arrow, in Mr. Kwantes's mind, as a "freak-of-nature deposit," with an inferred resource of 201.9 million pounds at an average grade of 2.63 per cent.
By comparison, the neighbouring Triple R deposit owned by Fission Uranium holds just 81.1 million pounds indicated and 27.2 million pounds inferred.
NexGen wants to upgrade and expand its resource, and is currently working on a 31,000-metre winter drill program to do just that.
Though the stock has bounded up to $1.42 from its pre-estimate level of 97 cents, Mr. Kwantes sees "further room to run." He has no plans to let go of any of his shares.
© 2016 Canjex Publishing Ltd.
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Are Newsletter writers "paid pumpers"? Just like those "analysts"/pseudo promoters hoping to profit from INEVITABLE (most recent $0.50 for $30 mln) financing?
DYODD - GLAP
Cheers
Stanley