RE:RE:RE:RE:RE:RE:RE:one million bought at 9:37am Giz, I wish I could draw you a picture on this. I'lltry this, fcu had 200 million shares at the end of 2014, share price was around a buck. Nxe had maybe 140 million shares and share price was around .39 cents. So since then fcu has more than doubled the number od shares and the share price has been cut in half. Meanwhile NXE has also more than doubled their share count but the share price has gone up by 6. Can you understand this?In the meantime FCU dicks around with a 3700 metre drill program and NXE is working at 125,000 metre drill program. This tells me fission is happy with 70 million lbs of uranium that will be used for their feasabilty study. If NXE wants to add another 300 million shares or mountains of debt so I can get another 6 bagger, bring it on.
gizard16 wrote: Actually, I stand corrected. They pay 5% on $120 million. Wow. That's a whole lot of debt.
$6 million per year in interest. HaHa....no wonder they don't do any marketing.
gizard16 wrote: Shrinky, are you just not that bright? NXE pays 2.5% on $60,000,000 in shares. Get a calculator and do the math. Its diluting investors position every single month, never mind the other 5% they are paying in cash. $3 million a year in interest payments. Wow.
shrink wrote: giz, show me where nxe has 600 million shares. More like 350 million,and 110 million cash. Fission has close to 600 million shares and just 25 million cash. The next financing will be brutal at a share price of 50 cents, ouch.
gizard16 wrote: I'd like to know who is buying? They have huge monthy debt payments plus the fact that every month they dilute the stock with the same issue. NXE has to issue more than 600,000 shares to pay their 2.5% interest on the $60,000,000.
Who would be buying?
QWERTYUIOP wrote: looks significant to me perhaps someone is positioning before an event let's see what happens bro hehe