Bullboard - Stock Discussion Forum Basin Uranium Corp C.NCLR

Alternate Symbol(s): BURCF

Basin Uranium Corp. is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The Company has five advanced-stage uranium projects located in the United States, namely the Chord and Wolf Canyon projects in South Dakota, the South Pass and Great Divide Basin projects in Wyoming, and the Wray Mesa project in Utah. It also has the Mann Lake... see more

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CSE:NCLR - Post Discussion

Basin Uranium Corp > A Great Buy Opportunity Here In The 40's

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Post by boogawooga8558 on Apr 04, 2022 1:34pm

A Great Buy Opportunity Here In The 40's

https://twitter.com/tepuuma/status/1510694802534371334?s=20&t=zmbfh5kXd-xrmhTfnD60DA

I’ve seen respected #FinTwit ppl mentioning $NCLR.C for a while. It’s now trading at a massive discount to its 50 day moving average. And looking into it, there is nothing for the discount fundamentally it’s that a private placement lock period expires early April and caused the sell off.

IMO this is a great opportunity. 2 projects, one in the Athabasca basin that is being explored now. And a second project which NCLR just signed for is in Utah which is contiguous to Energy Fuels (EFR/UUUU). My count shows NCLR has about $6M in cash but has just a $10M market cap. These shares in the 40’s are gifts and we’ll back trading back at a double from within weeks is my bet.

Whether you take some for a trade (based on the discount to the 50DMA), or invest for the uranium bull run, this is a great buy opportunity… jmho.