Nevada Copper Corp T.NCU

Jumping the NCU ship...for now

[mrmomo]

Looks like the SS NCU has been shot up full of holes and is taking on some serious water, so i've lighten the load to make sure i don't sink.

After some deep reflection by absorbing the contents of that whole report, i've decided that the best course of action for me personally, was to more or less exit this investment, at this time. I can't speak for all of you, but for myself it was the "prudent" thing to do. So as of today, i will be unloading 2/3 (unloaded 1/3 Friday, another third today) of my position in this investment and will hold the remaining third just for fun & curiousity, to see if my suspicions are correct. I was about to write a long commentary on my reasoning why i took this action, but changed my mind, as i didn't see a valid enough reason for doing so. So if anyone is interested in knowing my thoughts, or just wants to get a different perspective aside from their own, just send me a PM and i will gladly give it.

The only thing left to say here & leave you with, is the following. This started off as a short term bet for me, with the STRONG possibility of transitioning to a long term investment, provided there were justifiable reasons with regards to the company showing the goods through results, transparency and execution. Unfortunately, there was massive failures on all three counts. For suffering long time holders in NCU, don't despair, as this doesn't mean it's the end for the company or for you. As i've stated in my last post, even though the company has it's share of problems, it could still have a bright future if they can overcome the numerous obstacles in their path. But for me personally, it's just an opportunity cost i can i'll afford to take or risk wanting to take. Therefore....

If you've followed my counsel from the start, you should still be in the money with this investment, even with last weeks drop and should and should still be in decent shape should it drop further. So what you decide to do from here is up to you. Wish you all the best of luck, with whatever you decide to do here. And you will definitely see me back here, if the company gives me a "good enough" reason to do so in the future.

GLTA

[bogfit]

Reminds me of rats and sinking ships. “Looks like the SS NCU has been shot up full of holes and is taking on some serious water, so i've (sic) lighten the load to make sure i don't sink.” That’s Ch. Momo’s very long-winded way of explaining that he was wrong on NCI, that he misled others with his unrealistic expectations, and that (although not mentioned) while claiming he was selling so

[ZouZS3]

You just proved that you're a joke

[666999]

It was obvious that things will go slow and that latest report will be bad, after so many bad Qr, you just cant fix everything and rise production in 3 months time....now if Cu will really go to 7 $ and Au to 3000 $, then here is a lot of value, share price didnt go much down after latest report, despite posters here wishing for 50% drop, and volume was really low, I will just add that this is sad

[patchh]

Ur Strategy and Logik is Foggy @ these prices.. otw- not guts no glory !

[RoyKerr]

was hoping for a miracle turn around too,  but c'est la vie. I still love the NAV and production potential here: domestic cu with an open pit ready to eat capital. This is still a good 12 month bet , but not a magic 2 week half bagger for some keystrokes on my bank's website.  I have moved into the "lets hope pala sells"  camp (hey boggy, rock, et. al.) with a

[nofluff]

So we r hoisting 3000 tpd. Fans and all infrastructure is on site ready to b installed. Will b transitioning to more stope ore and less developement. 4500 tpd within 5 months. Drilling started. I am quite happy with update. nf

[dosco]

for open pit they can do 1. a JV, 2. debt or slow start with own cash flow. if randy sells his hycrofts and do insider buying here... i ll buy more...

[patchh]

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