Never a dull moment!Yesterday was a bit of an over-reacation IMO to the CCO news. In reality it wasn't as bad as taken and they do expect to show profits over the balance of 2024. Good time for shorts to cover if they wanted. CCO is in part held back by some long term contracts at significantly lower prices than current market. NXE will be starting with a clean slate so can deal at market rates and offers higher grades which will drive demand. What is not to like?
The Austrailian offering @ C$11.11 helps define where we should be trading until that offering closes. It is not bad news, nor would I call it dilution at that level. The company announced their intention on raising the funds that in part will be covered by this late last year. I think it is a good deal for both NXE and those that invest in the offering.
The BNN interview with Leigh was basically a rehash but always good to be in the news and getting the message out. One thing that I took notice of is that he stated that the remaining 48 interogatories towards obtaining Federal permits will be replied to this week. Not sure if that puts them even a little more behind schedule for the permitting, but in any event they should be clear to proceed with construction by the end of 2024.
All good but the volitility of late makes this very interesting.