RE:RE:RE:RE:RE:RE:RE:NXEGiz...be patient. I too have made alot of money on NexGen if I were to sell which I am not.anywhere close to doing yet I would have multiplied my money over 5 times.
The reasons I am not selling are the same reasons I bought. This stock has a very long way to go yet. I was right on the money when I predicted Arrow would be a world class deposit based on the early assay results and it certainly is. A big risk perhaps and I could have lost my shirt - but I didn't. So the next decision to make is where is NexGen going to go from here. Is it worth selling now or staying in for the long term. Here is what I see playing out...and you can all accuse me of pumping if you like. There can be no doubt that the price of Uranium is going to go up. If it does not most producers...including Cameco are out of business period. Utilities can burn all the so-called excess inventory and then what do they do...no producers left....all their plants shutdown. That is not going to happen and thie type of price volatility we see is one of the sure signs of an impending bull market. So when high priced Uranium hits a low cost producer the mark-ups and the profits are stellar.
When will all this come to pass...not 100% sure of when but timing for me is irrelevant....Uranium stocks of all stripes will make millionaires out of many. If you want to be one of them (maybe you already are) then just sit back relax and just stick with it. Short term trading will give you ulcers and a heart attack. Remember you only lose money when you sell at less then you bought...so don't sell...not for a while yet. NexGen is going to be the next Cameco. It has a better asset than CCO and a superb management team. To have hit Uranium at Harpoon in only 8 holes is astounding performance...unheard of in Uranium mining and to have produced a world class and expanding deposit at Arrow in just three years...well show me who else has come anywhere close to that.
You will make money on FCU, PUG and all the rest but the big money is going to be made by watching NexGen grow into a powerhouse producer right when Uranium prices are hitting the stratosphere.
I know I am right..if others don't think so that is up to them...it is a free country. By all means trade day to day...it is a sure fire way to lose all your money. I prefer to look at the fundamentals and let the Uranium explorers and the Uranium market do the work for me.
Malcolm