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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

North Shore Uranium Ltd. is a Canada-based company, which is engaged in the exploration for uranium deposits at the eastern margin of Saskatchewan’s Athabasca Basin. The Company conducts its exploration programs on its two properties, the Falcon Property and the West Bear Property. The Falcon Property is located approximately 35-kilometer (km) east of the former Key Lake Mine and the active Key Lake uranium mill which processes ore from the McCarthur River Mine. The West Bear property consists of five mineral claims totaling 4,511 hectares located at the eastern edge of the Athabasca Basin which hosts two producing uranium mines.


TSXV:NSU - Post by User

Comment by rob926on Mar 22, 2017 11:18am
139 Views
Post# 26013827

RE:RE:Another Way To Look At The Dividend Cut

RE:RE:Another Way To Look At The Dividend CutAsI  have said before I was an original Reservoir Capital shareholder  before we split out the mining assets to start RMC. I have always been a huge fan of Timok. Being new to Nevsun I was excioted about their potential but now I am losing faith in their ability to run their business for shareholders. Looking back at their share price there has probably been some issues or potential issues known back as far as June 1st 2015. The stock peaked then at $5.21 and started down until January 11th 2016. This is the time Freeport started looking for a buyer for Timok. We also know that triggered Reservoir to start looking for a partner to help them exercise their first right of refusal. The stock started back up which was important to Nevsun so they could do a stock deal with less shares. The share price peaked April 22nd the day they bought RMC at  $4.70 Canadian. Not sure how you move the share price up that much before a buyout with stock if not with  insider trading. Now we are back to the down trend that started on June 1st 2015. I'm guessing the problems we have now were foreseen back then and that Bisha was headed for trouble. Another reason to stock pile gold ore to help with earnings as long as possible. Guessing again but they also could see that the gold ore would run out and needed something big and highly profitable to replace and take the focus off of Bisha. As a large Nevsun shareholder I am praying and hoping that there is not another shoe to drop on what is going on at Bisha. Does anyone know when the news comes out for large shareholders? It will be interesting to see who is getting out?
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