Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 lumpy13on Mar 22, 2017 9:41pm
186 Views
Post# 26017864

RE:My chat with IR...

RE:My chat with IR...The fact that she reached out to you indicates they realize they have an IR issue.  Her credibiity will truly be shot if she's proven wrong.  NSU was a dividend play and by cutting, as she notes, those investors are moving on.  My sense, given the price stabilization in the past 10 days and in the face of a downturn by other mining stocks over the same time period indicates that the selling pressure is abating.  Yes, they had problems with the copper cons, but mining always has lots of unknowns.  I read the transcript of the conference call and mgmt was very cautious about when the copper cons problem would be resolved but I also sensed that they believe (and they could be wrong) that it will be resolved sooner than they projected (2Qs).  With 4Q losses, they are less seen as a producer and more as a developer (of Timok).  That means a different investor base.  There's a lot of peeved off investors and they have reasons to be peeved given what's happened, but besides the copper cons problem, I still don't see any evidence that Timok isn't as good as everything indicates.  I have followed the company (and met with Cliff various times) since the early 2000s.  They delivered on Bisha and I believe they'll deliver on Timok. They could be acquired, but it's complicated as most acquirers woud want to divest Bisha, given the sensitivity of having an Eritrean asset.  I still see long term value and upside.
<< Previous
Bullboard Posts
Next >>