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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 lumpy13on Aug 19, 2017 6:26pm
169 Views
Post# 26600065

RE:Scary!

RE:Scary!Yeah, I have kept buying shares as Timok keeps looking better and the company is increasingly  undervalued.  But, prior management did a tremendous job of destroying shareholder confidence.  I believe the CEO will right the ship, but he has also exacerbated the situation by taking the recent write-down and adopting a very conservative approach going forward.  That way, he gets the recognition when the share price eventually rebounds (and, probably, dramatically), but he's hurt the current shareholders with the negative message he has sent to date.  I'm really curious though, at this price, I can't believe acquirers aren't looking seriously at NSU.  I assume the key thing holding them back is how to divest Bisha, as few mining companies want to carry the stigma of mining in Eritrea and, hence, need a viable divestment plan.
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