RE:RE:RE:RE:RE:gizard 16 "fake news"Folks, you are all trying to time the market and you will fail if you do that. Not even Mr Buffet can do that because you do not know what the investment decisions of thousands of people are on any given day. I reiterate that the way you will make money on NexGen is to buy it at what you consider a reasonable price and just hold it. That way you will let the trends in Uranium make the money for you. Two powerful trends are going to increase the valuie of NexGen
1. It has discovered a world class Uranium deposit at Arrow which will only get bigger from its current 301 Mlbs. this is VERY early days yet. Anyone in the mining buisiness will tell you that.
2. Above-ground supplies of Uranium are being burned every day in the worlds reactors. The more they use the less there is and sooner or later utilities will come back to the market place....and will be forced to pay the real price of Uranium.
Other irrefutable facts are that 60 more reactors are being built right now...they ALL use Uranium. China announced 8 new construction starts this year (2017) alone. At present spot prices no-one makes any money and miners will not sell at a loss.
Some other factors are that Donald Trump is likely going to want a pile more Uranium for weapons and nuclear powered warships and submarines.
So you can try and make a few bucks attempting to time the market but the real money is made by sitting back, relaxing and watching the coming Uranium boom unfold before your very eyes while sitting on shares of the best Uranium assett on the planet bar none.
THAT is how to make the big money. So please guys and gals...don't get caught up in this timing nonsense...it does not work. Just buy it hold it and let the trend be your friend. You will have a better nights sleep as a result and you'll be a whole lot wealthier.
My time line for NexGen is out at least 5 years. I bought in Dec 2015 at 60c....that has been a nice ride...but this has only just got started so why would I sell now?
It is up to you of course. Great investing and if you don't like NexGen there are others in the space that are good too. I like Denison Mines and have some stock in all of them.
So be patient, sit back and relax. No good having money if you die of a heart attack worrying about what NexGen doies every day eh!!