The AXE is about to drop........on poor Nevada Copper..........despite VERY strong copper prices saving it from a potential bankruptcy! And for those that DONT know wth i mean.......what is meant by is that this would have been BK'd a long time ago IF copper prices weren't as strong as they are in the last 12 months. BUT despite all this......even favrorable copper pricing.......the S is about to hit that fan here for equity holders nonetheless......
The fact that the "life preserver" financing is taking THIS long.........probably because of heated ongoing discussionsbetween the involved parties & of WTH to do here & the limited options available for them "outside" of filing for Chapter 11........should be indeed VERY concerning to s/h and considered VERY serious.....
So just HOW bad will this be? For stock holders? In my very humble opinion, and let it be known that i've been 1000% DEADLY accurate here for over 2 years with my predictions.......is that i stand VERY firm on what i've called for last time........another crazy massive consolidation of share capital ......to save the company from insolvency/BK.......to obtain ANOTHER round of massive crazy financing and continue to dilute s/h to infinitum.......
So expect to THE Axe & Thor's Hammer to drop at the same time here......and completely wipe current equity holders off the face of this earth. I FULLY expect at least a10 for REVERSE before or in conjuntion with an announced massive financing.........with the possibility of Pala getting booted OUT....completely.... a short time after. And an eventual sale for pennies on the $$$ to some big predator........soon after that..
I know this looks bleak......but it willget much worse for you guys here....IF i'mright on this.....and i usually am.....unfortunately for you.......or those that listened & took my advice to GTHO a few years back....Bravo & Welldone my friends....you just saved yourselves much pain & financial hardship....for those that DID NOT.........Well.....better late than never and going down with the ship on this one.........
As always......You can take or dismiss this advice....at your own peril! I'm guessing guys like Mr Jgriffs was only wishing he took the former.......his Million+ shares would actually be worth something muchmore elsewhere than a few pesos here.......So the mora of the story lhere is.....DONT be a Jgriffs victime!
GLTA