Nexgen Energy Ltd T.NXE

Nothing to do with a "possible" leak at a Chinese plant

[KozmoT]

Its to do with spot price of uranium not being where it should...

"Shares of uranium miners Energy Fuels (NYSEMKT: UUUU), Cameco (NYSE: CCJ), and NexGen Energy (NYSEMKT: NXE) stocks all dropped in afternoon trading Monday, falling 7.5%, 8.7%, and 9.2%, respectively, through 12:30 p.m. EDT. Since its most recent bottom in late April, the spot price on uranium has run up 12.5% to $30.26 per pound today -- and you'd think that investors in miners Energy Fuels, Cameco, and NexGen would take that as good news, but here's the thing: Today's uranium price is roughly equal to what the atomic power raw material cost 11 months ago, in July 2020. As MiningReview.com points out today, you need to see spot uranium prices around $60 per pound to "incentivize" producers to mine more uranium."

https://ca.finance.yahoo.com/m/b20b7c24-31f2-311d-8cda-d1521da3a9ff/why-uranium-energy%2C-cameco.html?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

[MaxMach]

Nothing to do with a possible leak at a nuke plant? Sure dude. What are you smoking? Of course it has to do with the leak. 

[Greenday]

Another CNN hoax.

[KozmoT]

"the leak" ??  Why don't you tell us all ... what leak?

[MaxMach]

Do I need to regurgitate the news reports? Regardless of whether or not the leak is real and/or dangerous, the reports of it have changed sentiment resulting in some exiting their positions. It's not technical nor based on the existing spot price. Unless you're suggesting that the stocks got ahead of themselves and this was a "normal" correction based on the fairly tepid recovery

[KozmoT]

But there was no leak.  What kind of investor dumps highly promising uranium shares because there was ... no leak?