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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 stazon May 08, 2018 5:11am
218 Views
Post# 27995538

The puzzle

The puzzleWhy would Lundin do that? First thought was if they wanted to get us pissed off with the management they would've done it before the AGM to affect the elections. The elections went through ok but with only 60 something % voted. Most likely, some kind of non-disclosure stuff. Now, about today's selling in strength. Definitely. Will there be a spike in price? I guess it will. Who will be the dummies buying? Institutionals ? They already have 70% of it and I guess they might be because of the chance of a bigger return in 2-3monts with the LZ out . $1.5B the Lundin declares fair takes into account only the lame sp but not the $1.5-$1.8m UZ plus Bisha's improving results. Plus $145M in cash. The trick here and now is the same it was when Nevsun bought Resevour. One day it's one offer and you sell in strength. Another day the groom gives you two bucks more to make you happy . If you sold in strength and an offer never surfaced , you won. But if you sold your precious and the next day NSU offered $2bucks more for that...wow. Seems like I'm writing a novel here. We definitely will play something today. I , on my side , most likely will not play with more than 10-15% of my stake, and the gurus who promote here some secret info from their sacred sources to sell half of your stake in strength are taking chances. Well, it's everyones choice. In old times I'd sell and buy back 10-20K of NSU on the $0.20-0.40 moves, weeks after weeks. What I learned after many years of trading is that you flipping around several K's to earn several hundreds or several Ks on small movements. And then you just miss the real movement in which you need just much less resource and you get an outcome that covers your other mistakes. Kh-m-m. Sorry for getting too ...eh, in for details. Point is. Whatever to be earned and taken out of the table today, valid, well deserved earnings, where to put them to earn a little bit more? Eldorado Gold? Cannabis stocks? I consider both options but it looks like to me that de facto NSU is at the moment the preferable place . I mean, ok, tomorrow on the spike I'll take out 250K CAD and what? Jump into some stupid Euro Sun? Cmon
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