NorthWest Copper Corp. V.NWST

Loaded up the truck....now what?

[Pete2029]

Well, some years ago I thought Pulcan was onto a good thing, so I loaded up the truck at $0.68 before the Serengetti/Sun Metals merger.  Since then I watched NWST soar to almost a dollar, and the merger should have raised that to $1.80 or more.  But after the merger "anonymous" started selling and dumping cheap shares at 3:59pm just before closing.  The Board eagerly raised money at the reduced share price, multiple times, and those shares were then dumped into the market, further reducing value and diluting each time.  Repeat and repeat and repeat. The shares are now at just $0.17 and the current Board can't wait to let their friends buy in at the new low price to fund drilling we don't need.  The last PEA indicates we should be setting up mining operations now, not using excuses to dilute further.  I'm fed up with this, and don't trust the current Board. Peter Bell might have stopped this, but they fired him. David Moore at least is backed by both slates. If you're happy with the status quo Board, then I'm sure you'll be happy when our shares are $0.04 each.  That's where they appear to be going.  Others here might be comfortable with "the devil they know" but I'm not.  This is a good property - it's worth a minimum of ten times the current price. But I suspect we'll only see 4 cents per share once they've done their latest financing.

[Vangeologist]

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