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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 xbox360on Aug 09, 2017 9:14pm
216 Views
Post# 26564009

Reading between the lines?

Reading between the lines?What? The bottom line is 70 million in losses (write-downs) for the quarter, increased production cost, delayed everything, Bisha may be shutting down in 4 years or so, and the stock price dropped more than 14% after hours on the US side. Will open under $3 on Canadian side tomorrow and go further down.
Not a single good news in the report. People are crazy on this board. Human tend to see what they want to see and not the perceived reality.
I was planning on buying after the drop, but this company is done.
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