RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:one million bought at 9:37am Greenday, Nexgen will have a customer(s). Now I have no reason to say that other than they MUST have some sort of agreement to move to development. Leigh has been on the ball since the beginning so I am confident this will happen. I certainly dont agree with everything that has happened and I wish they would have more updates . Just read on seeking Alpha that have the best hole of 2019 and is the best undeveloped uranium deposit on the planet. It doesn't mean much until uranium prices go up. Even yhough they say Nexgen is profitable at todays prices
Greenday wrote: @ shrink - NXE would be in a much more comfortable position if it had a customer to sell it's production too. It's one thing to roll over the existing debenture and procure financing for a mine and mill when there's a customer in place to buy the production but it's an entirely different ball game when the customer is a promise to find one. When customers are a promise there are usually some unpleasant conditions attached to a financing. It isn't done at the 10 year treasury rate - that's for sure.
As for FCU they have $20M which should carry them through to FS. Then it's my guess that they will do a small bridge equity financing and watch as NXE develops the regional infrastructure. (ie upgraded road, airstrip, etc.) Once those things are done - who knows - FCU might lease milling rights and help NXE make payments on their new mill.