NexGen Energy (NXE.TO)

He questions if the boom is in fact back into uranium. We are in the early stages of starting reactors. Currently, new demand is just arresting new supply coming onto the market. Focus on others for exploration as they are more likely to be taken over.

This will depend a lot on the sentiment in the uranium space. Has held up incredibly well. On his watch list to Buy. Recently did a financing at $0.64, which he did not participate in. Wants to see some more delineation of their resource.

The trend is up. Don’t overweight. It is fairly liquid, so he can’t see any harm in owning it.

Seems to have some support in the low $0.60 area. Some indication of declining peaks, but generally speaking this has been a long consolidation period for the stock. If you own it, it is probably worth holding, because it could rally back up to the top of the trading band. If it broke at around $0.75, that would be very bullish, or you could trade it from its current $0.66 up into the $0.75 point, and then just say goodbye to it.

Chart shows there is a certain amount of support that comes in at around $.60. It is now at the point where it is about to test that. If it can bounce off that area with conviction, it looks like it would reach the top of the trading range at around $0.75.

This is an interesting one. They have a very attractive uranium deposit in Saskatchewan. It is high risk/high return.

They have done great things and made good discoveries. At current prices the discoveries will probably not be developed for 2-3 years when prices are higher. If you like them, then add more later. Money is moving here from FCU-T because it is an exploration play.

There is a lot of technical resistance in the $.60 area, it broke it and now it is back to re-test it. If it bounces off it, then it would look good.

Uranium is a pretty depressed space. This is one of 3 names that are relative in the Canadian uranium space, and it is the third. It is the furthest behind in terms of progress. He has a limited appetite for uranium in general.

Chart shows a very long base of around $0.65. This only broke out this year and is now coming back to the breakout point and testing it. As long as it finds support around this level and bounces, it is looking golden. Let it bounce first just to prove that it can hold.

This is an 80 cent stock and he feels they are always more volatile and always difficult to analyze. One good thing about NexGen is that it has developed a rising 40 week moving average. Stock is doing well. Stick with it. Hang onto it. He doesn't want to see it below 65-70 cents though. Recommends always going with a rising stock.

He would compare to CCO-T and the price of Uranium. Unless the price of Uranium breaks above $40 a lb it is not going to go anywhere. He would stay away from these.

It has reported, in the last couple of days, some tremendous high grade. There is a problem here, and that is uranium itself. Uranium stocks are going nowhere. For the future, uranium is not in at this time.

Likes the uranium sector and feels the uranium price is at a low point. With the restarting of Japanese reactors, you are going to see an uptick in the next while. Expects it will go from mid $30 to mid $60 in the next couple of years. This has been the latest exploration company that has very good results. Theirs is really more of an extension of the Fission’s (FCU-T) play going east. Have been having a lot of success lately.

Have made a fantastic discovery, but is deep and probably not open pittable, so involves a lot more technical studies and a lot more expense. He likes to own projects that he thinks someone would buy. They have been putting on some fantastic holes, but they have long intersections.