lol.
thanks captain clueless
once we are mining we will be supplying 20% of the worlds uranium.
nexgen from ipo to where it is now (dual lsited on the tsx and NYSE) is a remarkable journey that everyone in the sector is acutely aware of. (apart from you) from sitting in at the seed presentation and meeting the genius engineers and geologists that selected the permits and put it together, it was a compelling presentation
the run from buying a bucket load at .30 and selling it at $4 was a brilliant journey, i now trade in and out of it as it fluctuates
the exploration was underpinned with james sykes taking on the geology and uncovering arrow. you probably dont even know that the best address for uranium is canada.
since then we have concentrated on the primary shears and the pfs is compelling, with it being the cheapest to mine resource is canada.. the resource is open in many directions but its simply so big its not economically viable to drill the entire deposit, the resource we are going to mine is in itself so large that its current defined resource is sufficiently defined to mine. there are many more shears and much more resource
having li ka shing(CEF holdings) as the primary source of funding and him aligning all their shares to the board means the resource can not be taken over. both protecting his investment and cancelling any takeover on market by rio or cameco or any of the other suitors. i guess you not aware of li either? he is one the wealthiest men in south east asia, and heavily invested in energy. his daughter now runs CEF
as you would have known, if your actually slightly aware of the how the sector operates, it rarely allows new mines of this magnitude to come on line, as by allowing it would mean their company would be no longer control the market and their clients would be very likely to look at the nexgen rather than them into the future.
we expect a very healthy offer to come, and primary to any offer nexgen has a precursor to any bid giving all nexgen shareholders 10% of all revenue for the life of the resources found in the permit areas. share for share we will get 10 of revenue from anyone taking it over. that will in itself be listed on the TSX as a share
after nexgen found arrow we understood the market cap (currently 870 mill - its been a billion) would never allow any value for the other permits in the company, so we split 50% of the permits off and put it in ISO energy on the TSX, and had craig run it. he has made some nice discoveries, i think its market cap fluctuates from 90 - 100 mill . nexgen still owns it as a majority shareholder and funds it..
what rock have you been hiding under captian clueless
this may help
(20min delay)