Financing Good day to all,
This afternoon, the CUU stock price finally broke 25 cents but did not stay there long. However, it is an important milestone for the company.
CUU is desperately needing money at the moment but in September 2023, it did a private placement with 4,695,025 options to purchase one share at $ 0.25 until 8 September 2024 and at $ 0.30 until 8 September 2025 when the last options expire.
If the stock price can remain above 25 cents or, even better, above 30 cents this Spring and Summer, this little influx of funding could keep the company afloat for a while without more dilution and more shares awarded to the majority shareholder.
We are at a critical junction for management. I sincerely hope that they profit from the current high copper price and the numerous assets own by the firm to maximise shareholder value with some buyout news or positive outcome.
It has been too long already...
Regards,