RE:Profit taking and first hour shakeoutAgree ACES, but we have had several excellent assay results recently that went largely ignored in terms of affecting share price. I do think that there is something bigger at play here, or at least the net impact of a number of factors.
It is IMO a given already that the resource is huge. It will be interesting to see when they update their estimates to what the current indicated and inferred numbers actuall are.
The impacts of the rising Uranium spot price has been positive and will continue to be. Considering that in their PEA Nexgen estimated a profitability with the spot price @ $25 and any increase just adds more NPV to the company. Coupled with the commodity price is also the demand that will ultimately eat up any available surplus that exists and then challenge producers to restart production.
The PFS is scheduled for Q3 of 2018 and as time goes by this will loom very large as it will be a significant event in the future for Nexgen.
Time may be our biggest helper. I am not saying NXE will be the subject of a takeover, but it remains out there and is less likely to occur after the PFS is released, if it supports a high NPV for the company as I believe it will. So the window of opportunity for others is becoming smaller. The opportunity for investors to get on board before the chain of events yet to unfold is also getting shorter with each passing day.
I am bullish on NXE, and I believe for very good reason. Looking forward to 2018... Happy Holidays!