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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

Energy
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

North Shore Uranium Ltd > Lundin...
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Comment by BSdetector2016on Oct 23, 2017 11:31am
122 Views
Post# 26844911

RE:Lundin...

RE:Lundin...Precisely!

tony1969 wrote:
If there was ever a time for LUN to bid for NSU it would be now or in the very near future. LUN stock traded as low as $2.98C in Jan 2016. It closed at $9.97C last Friday. The lowest NSU traded at that same time was $3.27C. LUN is 335% higher than it was then and NSU is trading 10% below that already distressed level. This was about 3 months before NSU bought RMC so the extra 100 million shares and the cash spent have to be taken into consideration. However the tremendous run LUN has had enables them to buy over 3 times the asset they could have bought back then for the same amount of dilution (using stock). They also have exponentially more cash now after they sold that stake in the African mine. I do not expect any move by them in the near future as they probably want to see the PFS in Q1 before they make a decision but it would not surprise me if they or any other base metal company use their high stock price to make a bid soon...


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