Thanks agentm,It really amazes me how Australia, or should I say...

First 2 Last

Share
Profile

Follow
hotcopinvestor

2,661 Posts.

160

22/12/23

11:36

Post #: 71587676
Share

Originally posted by agentm: ↑

NXE is how i know this one, been in it since the beginning, i hold mainly on the NYSE. Its on the NYSE Nexgen is USD $3.484 Billion Market Cap

on the TSX its in the S&P/TSX Composite Index with 225 others.

Obviously the ASX top 50 index contains the 50 largest ASX listed stocks with the cut-off being a market capitalisation of ~$5billion (AUD).

Nexgen is not even on the ASX top 300... its been on the ASX since july 2021..

once the Canadian federal government approval is given for Arrow, nexgen stands out as a crazily under priced and no brainer takeover target and imho the Rook I project at the company's Arrow deposit discovery of February 2014 is worth many times the market cap... It has measured and indicated mineral resources totalling 3.75 million tonnes, grading 3.10% U3O8 containing 257 million pounds U3O8. nexgen also owns 49.7% of the outstanding shares of IsoEnergy.

Bullish analysts have labelled uranium the “new lithium”, betting that demand will surge, after 22 nations pledged at the COP28 summit to triple nuclear capacity while China targets a fresh supply of the heavy metal for its ballooning nuclear ambitions.Spot uranium prices have soared 56 per cent this year to $US86 a pound this week, and a potential tripling of nuclear capacity could lift annual consumption from about 161 million pounds this year to 500 million pounds in the future, according to broker Bell Potter.

hard to see the downside on this one.... any takeover cannot be done on market, it needs board approval literally.. too many shares tied in with management to protect nexgen from a cheap takeover,, a lot of uranium miners out there are not protected prom hostile takeovers and nexgen and Li Ka Shing have protected the share from dilutions and any possible unsolicited takeover attempts.

good luck to all holders.. i think its not long before nexgen starts to gain some significant momentum...

Expand

Thanks agentm,

It really amazes me how Australia, or should I say Australians are blinded to the ways of the future. I believe it is currently illegal for Australia to use nuclear energy. We will slowly be left behind , and productivity will decline as a result of high energy costs , and lack there of!

On a side note , the options for nuclear are becoming broader , ie Rolls Royce for example with their Modular Reactors

https://www.rolls-royce.com/innovation/small-modular-reactors.aspx#section-why-rolls-royce-smr

Cheers

NXG Price at posting: $10.15 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

There are more pages in this discussion • 108 more messages in this thread...

First 2 Last

Add NXG (ASX) to my watchlist

(20min delay)
Last $9.50		Change 0.030(0.32%)		Mkt cap ! $760.0M

Open	High	Low	Value	Volume
$9.29	$9.50	$9.28	$2.827M	299.0K

Buyers (Bids)

No.	Vol.	Price($)
1	953	$9.39

Sellers (Offers)

Price($)	Vol.	No.
$9.50	19994	1

View Market Depth

No.	Vol.	Price($)
1	953	9.390
2	896	9.370
1	53	9.300
1	1084	9.250
1	1274	9.180

Price($)	Vol.	No.
9.500	19994	1
9.510	953	1
9.910	1904	1
10.050	10000	1
10.580	3800	1

Last trade - 16.10pm 27/08/2024 (20 minute delay)

NXG (ASX) Chart

Thanks agentm,It really amazes me how Australia, or should I say...

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks agentm,It really amazes me how Australia, or should I say...

Top Stories

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News