Value Microcaps Junior Miners

[dr_airtime]

Put NXE.TO on Watchlist - anyone following Uranium?

My word. Uranium is in the pits. Dropped from $40 to about $20 in two months. Cameco has shuttered Rabbit Lake and US In-Situ operations and still spot pricing goes down (most production long term contracted).

http://thestarphoenix.com/business/mining/layoffs-continue-at-cameco-corporate-office-months-after-rabbit-lake-shutdown

This should be a good opportunity so pick up NXE.TO when it bottoms. Where that will be no one know but no need to rush. Could bottom around $1.30 to $1.40 on support per below or decline to around $1.10 where there is a gap to fill from the upside surprise on their maiden resource estimate from March 2016. I would think spot Uranium would have to drop to $10 for the latter to happen.

http://www.nexgenenergy.ca/news/index.php?&content_id=178

Feeling like a genius selling my NXE back in the mid $2.00s earlier this year.

NXE going back on watchlist. Should be a major bottom in the next two months. Likely not to happen on Dec 23rd last day for TSX tax loss selling IMO. Could be this month. Best Uranium (future) mine discovery in decades. There has to be a suitor out there watching closely and waiting for bottom and a low 20 day trailing moving average.....