RE:RE:RE:RE:RE:RE:NEWSHey Shrinky, I see NXE bouncing off 52 week lows too. A company that has as much debt as Nexgen is carrying, with zero cash flow is in big big trouble. Their cash is burning up quick and with no ability to pay it back, what will they do? Tough spot for any explorer to be in. That high grade ore at the 600m level may never be mined. Li Ka might just have to move in himself.
Tough times for Nexgen.
shrink wrote: Fission bouncing off all time lows with very little cash. Will they make it to the end of the year??
gizard16 wrote: Kind of tough days for the uranium stocks these days. Maybe old QWEER, needs to take some lessons from Quakes on how to promote? Another 52 week low for nexgen, with no stopping in sight.They are burning through lots of cash. What's next?
shrink wrote: They need to finish their drilling required for the FS. Good drill results mean nothing at this point, Fission is a case in point.
QWERTYUIOP wrote: this is great news. another NexGen discovery near Arrow would be awesome.
i would also like to see NexGen possibly do an exploration jv with these Standard Uranium dudes that have the property just south of this SW1 property.
https://standarduranium.ca/project/ these people may struggle to raise money and NexGen could possibly do a decent deal with this crew. Ainsworth is a director though... awkward perhaps lol