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Bullboard - Stock Discussion Forum NorthWest Copper Corp. V.NWST

Alternate Symbol(s):  NWCCF

NorthWest Copper Corp. is a copper-gold explorer and developer with a pipeline of projects in British Columbia. The Company's principal activity is the acquisition and exploration of mineral properties in Canada. Its Kwanika project is located in the prolific Quesnel Terrane, which hosts numerous porphyry copper-gold deposits such as Mount Milligan, New Afton, and Highland Valley. The Company... see more

TSXV:NWST - Post Discussion

NorthWest Copper Corp. > I am surprised at the small sell off. i thought the news was
View:
Post by michaelvim on Nov 09, 2021 1:21pm

I am surprised at the small sell off. i thought the news was

better than yesterday's. but wtf do i know. I guess peeps got spooked at the FT shares. but no one ever sells them, so its a great way to finance and at a great price. If i wasn't already loaded up i would def be adding here. jmo
Comment by pulcan on Nov 09, 2021 2:30pm
people think that we are getting diliuted but ......no we are not and having $30million in cash and paying 18% premium at $1.18  is something you do not see today.  Also,  what else is coming down the pipline in news?  So think longterm and we are only in the second week of November....more to come and more drill results....so load up on the dip as the markets had a healthy ...more  
Comment by michaelvim on Nov 09, 2021 2:46pm
Prospects r good. But it is dilution, so they are correct. In addition they are FT shares, therefor, their cost is technically 1/2 of $1.18, so approx $.60. Thats why there is a sell off today. 
Comment by michaelvim on Nov 09, 2021 2:51pm
However, lol. I like this financing and am surprised at the sell off. I much prefer it to to a non flow thru deep discount to mkt. I also like the fact that there r no warrants and as i stated in early post, people don't typically sell FT shares to avoid tax burden. I think with further good drill results, this could be a $500 million co or over $4.00 per share next year.
Comment by metalhead666 on Nov 09, 2021 2:49pm
Sellers only see some dilution not what 20 large will unveil when a lot of rigs are drilling cores all over the place in the year ahead.  I see this all the time....they think a mine can get built without equity raises and never stop to consider what they're getting in return....this was an excellent raise....at a very good price.  It's going to result in many many tons of ...more  
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