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DonCorleone77May 12, 2024 12:19 AM$NXE The assessment below came from Justin Huhn of Uranium Insider. I thought it was insightful and decided to post it here. If you are interested in the uranium space, I highly recommend you subscribe to UI. Personally, I think it is worth the cost: "NexGen Energy, which was battered on Wednesday then bounced back somewhat yesterday, took it on the chin today again. The shares closed at $7.20,-.85 (-10.6%). There were tweets posted on “X” (f/k/a Twitter) suggesting that the company’s VP of Environment, Permitting & Licensing, Mr. Luke Moger, earlier in his career was associated with a company that experienced a mining accident at the Mt. Polley mine in 2014. NexGen has not responded to that allegation nor whether the events at that time fell within the responsibilities of Mr. Moger. There also appears to be some dismay/confusion about the wisdom of the purchase of 2.7M pounds of U3O8 from MMCap and the $250Mconvertible bond being issued to them as consideration. NexGen will have a chance to address both of these matters in their 1Q 2024 Conference Call being held Tuesday morning at 8:30 a.m."
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