RE:RE:RE:RE:RE:NCUWith the exercising of these recent warrants, the company's $82M debt was converted to equity which bumped Pala's ownership from 49% to 61%. Those warrants expire in 2026. If exercising those warrants provided more funding for Nevada Copper, I would understand that, but it was to reduce the debt which also significantly increased Pala's ownership. The timing of this makes me question a possible short term agenda at play for Pala. The dilution of the shares is crazy... maybe it's a way to quickly bring this company's MC closer to what its intrinsic value is once production is state. The company's MC was greater in 2018 than it is today, and when copper was cheaper and not labelled a critical metal by USA agency.
P.S I wonder what kind of premium copper mining Companies will have with copper now being labelled critical by USA...