Nexgen has a $5.39 Billion Market Cap. a sitting duck??, page-75

rick rule is in canada considered a kind of guru of the uranium sector, his criticisms and views have impacts in a very small investor space who seem to wait for the lord and master to tell the sheep what to think next. i never followed him. He is none the less a highly intelligent and extremely interesting observer of the sector. he is also and investor in NXE

interestingly the criticism in the forums of the recent purchase of uranium, and if you actually listened to every AGM and live updates of Nexgen like i have, you would have noticed for the first time, a disgruntled shareholder actually came on and asked a question in the Q&A, and his question basically rattled leigh and the mildly aggressive Travis, and actually deflected the fairly emotional question and gave an mumbled reply which in my view made it look like they were not really prepared to answer a question that concerned a shareholder. interesting approach to take, but in many emotional and heated AGM's i have sat in, i personally think the right approach is to honestly and truthfully answer a question no matter how immature of ill informed it may seem.

now we see leigh going to the master, the infamous Rick rule, end enter the classroom and give answers to the criticisms that is being leveled in various forums discussing the management and decisions relating to nexgen.

Mr Li decided to exit at the all time high and crash the share, and i totally agree with Rick that the leverage of the uranium in the ground more than compensates for the alleged leverage the company says it allegedly needs by buying spot uranium. but we have to appreciate the company is being run by an accountant, and in this mining sector its less of a thing to have that, and i personally have had many discussions about whether a geologist or an accountant is the best fit to run a public mining company, obviously when it is in exploration its different to when your actually building a mine. in this case he beat the odds and had a excellent young geologist that actually discovered arrow, and you would have to say that since then, the accountant has protected the inconsequential non institutional shareholder very well thus far..

its only been viewed 582 times, but think if your an aussie investor, then look at this fairly frank and very open discussion... it may alleviate our critique a little and take the edge off the recent angst...