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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 Apr 21, 2017 9:40am
189 Views
Post# 26147811

RE:RE:RE:Quote from the conference call

RE:RE:RE:Quote from the conference callI think cutting the dividend that's everything to do with the company going into a poor earnings phase.  Probably should have been cut sooner but they were probably thinking the fix would be quick but after realizing this is a long-term problem we better save our cash.  I'll bet there was also talk that if they go into negative earnings  they would be depleting their cash just to pay the dividend. This poor earnings goes back to poor planning and budgeting. 
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