Repeat of 2021......Same Motto.....Rinse & Repeat...... and a fresh new batch of bagholders. With ONE major difference this time around. Will Pala stick around this time around or are they done.....and hanging up their boxing gloves for good. My guess? With the VERY negative atmosphere & sentiment around ANYTHING remotely Russian owned or controlled and the likehood and risk of their assets being frozen, seized with all these sanctiions..........they will be "forced out" this time. That's MY take on this latest news.
So with our good ole friend running out of funds & needing MORE money, this is an EXACT mirror, repeat of what took place in 2021. Minus our friends from Pala this time. So anyone STILL dumb enough to be holding here, expect ANOTHER 10 for 1 consolidation of shares follow by another massive financing at much lower prices. Whether the majority of these funding takes place before or AFTER the RS is unkonwn......at this time. But i surmize that the company is in desperate need of at least a small bridge loan.....ASAP.......to get them by.......before the BIG ONE takes place.
Anyone who did NOT anticipate or see this coming......should NOT be investing in highly risky plays like this. This was pretty much telegraphed by mgmt. Any hope left here for those aking? Probably NOT until both the RS & the financings are done AND copper goes back to near $5/lbs. And talking about copper prices btw, it's a good thing copper has been slowly climbing & holding strong. WHY? Because without that support, Nevada would be stick near a nickel & have absoltely no leverage with their financing arrangements. So THANK copper for saving a small portion of Ncu's life.
Btw, anyone stil brave (or is it stupid?) enough to remain a s/h, rolling their eyes or huffing & puffingupset becasue of more dilution, just FYI........the alternative here is Chapter 11 BK and i'mpretty certain NO ONE here wants that...........So thank your lucky stars it thisoption and not that one!
GLTA