Nexgen Energy

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Could I please have your opinion on Nexgen Energy and the sector. Thanks

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Asked on October 3, 2024 11:21 am
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Pre-revenue high risk high reward uranium company. It has some of the highest quality undeveloped uranium deposits in the world.

I can see the draw to these types of stocks for many investors. They certainly have the chance to provide very strong returns if all goes smoothly. However, they are not without risk. Despite how bullish you may read anyone being on companies like this, they are pretty much pure speculation.

If you're going to buy, be prepared to lose a large chunk of your money, be prepared for significant volatility, and also be prepared, because the company generates no revenue, to be diluted as a shareholder.

These types of investments are not my cup of tea, but I do know many retail investors speculate on them.

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Posted by Dan Kent
Answered on October 4, 2024 7:49 am