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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

Post by rob926on Apr 12, 2017 12:21pm
221 Views
Post# 26112957

Dividend cut

Dividend cutThe longer the stock price slumps the more I am wondering about the dividend cut. It was so poor timed and unnecessary at this point. They did it right when earnings were tanking. They may have done this to preserve all cash with the knowledge the copper fix is way down the road. NSU was dropping for quite a while before the RMC aquisition. The aquisition gave it some new life for a while but now it is back in that downtrend. Seems like big money might know something we don't. The other reason I say that is the September $2.50 calls have been tradding for .30 to .35 cents for quite a while. This would mean big money does not see NSU trading above $2.85 by September 17th. I hope they are wrong because I own a lot of those options. Although in the back of my mind lurks all the thought to be undervalued stocks by the retail sector,  that later had news that justified the low share price. I hope something bad is not looming at Bisha!
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