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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 teeveeon May 01, 2016 12:02pm
296 Views
Post# 24830252

RE:Interesting comment from Cameco CEO Tim Gitzel...

RE:Interesting comment from Cameco CEO Tim Gitzel...That is almost exactly what Cameco said before the offer for Roughrider. Did you read the notes to the financials? Cameco had about $938K investments in equity securities at Dec 31st and $11.9 million at March 31st. I'm guessing they are buying NXE shares, not FCU shares. It appears to be "game on" and FCU will be left sitting on the shelf. 

As at March 31, 2016

Fair value

Carrying value Level 1 Level 2 Total

Derivative assets [note 5]

Foreign currency contracts $ 53,453 $ - $ 53,453 $ 53,453

Interest rate contracts 10,837 - 10,837 10,837

Investments in equity securities [note 5] 11,943 11,943 - 11,943

Derivative liabilities [note 7]

Foreign currency contracts (50,295) - (50,295) (50,295)

Uranium contracts (18,509) - (18,509) (18,509)

Long-term debt (1,492,501) - (1,790,007) (1,790,007)

Net $ (1,485,072) $ 11,943 $ (1,794,521) $ (1,782,578)

As at December 31, 2015

Fair value

Carrying value Level 1 Level 2 Total

Derivative assets [note 5]

Foreign currency contracts $ 360 $ - $ 360 $ 360

Interest rate contracts 10,783 - 10,783 10,783

Investments in equity securities [note 5] 938 938 - 938

Derivative liabilities [note 7]

Foreign currency contracts (167,420) - (167,420) (167,420)

Uranium contracts (816) - (816) (816)

Long-term debt (1,492,237) - (1,786,567) (1,786,567)

Net $ (1,648,392) $ 938 $ (1,943,660) $ (1,942,722)


quakes99 wrote: Taken from the transcript of the Q1 Earnings Conference Call on April 28th when questioned about M&A opportunities at this low point in the Uranium market:

Tim Gitzel

Well we're not aggressive on that Andrew at the moment. I think we've got a great suite of the assets. We're focusing on our tier 1 we've got some room to ramp those up when the time is right and we're preparing for that. So we like the space we're in and quite frankly there is nothing out there that really whet our appetite is at the moment. So we're holding steady to where we're at.

Seems Cameco are saying that they aren't impressed by the new West Basin discoveries?

Worth reading the entire CC transcript at:

https://seekingalpha.com/article/3969744-camecos-ccj-ceo-tim-gitzel-q1-2016-results-earnings-call-transcript

Cheers!


Bullboard Posts