RE:RE:RE:RE:RE:RE:RE:RE:Psycho postersthe secon NCU funds teh OP and announces a National Coal Builder for them pits.. that stok will B shorted to heell N bak ! the existing shares will not chhange the mines market capp..
i.e. LAC w canacord was funded last jan w two tranches @ 400M$ each.. the first tranch to land in the LAC money Bank - shot the stok to 30$; today its trading @ 14$ w a buy rating.. the money is to build a new Open Pit @ Thacker Pass/Nv..
the market capp of LAC has not changed.. the stok was trading around 12$ before the fist tranch was paid into LAC by canacord..
yes the funding did re-capp the mine - diff here its was not for further exploration or daily operating expenses.. the funds are for construction of a fixed asset - that presentlyn does not exist outside of the permits to mine..
Ur arguments are illogical.. the cash being generated by NCU are from their new fixed asset or the underground; the current stok price is tied to this and not a billion to construct a new OP..
the NCU directors will never approve a build out - hedged against a new marginally producing asset..