GREY:NEVDQ - Post by User
Post by
Terrebonneon Aug 31, 2015 7:01pm
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Post# 24066716
Something to think about ...
Something to think about ...Here's a thought for Krud and his fellow 100-share shareholders to think about. The annual turnover of this stock is about 5%, which is tiny. Why? Maybe because Pala, management, Rock, Red, and a handful of others own so much stock, and are not selling, that the free float is actually quite small. In the circumstances, don't be surprised if these large shareholders take NCU private, and Krud and his buddies will be laughing all the way to the bank with their $1.25/share. The shareholders of the privatized NCU will arrange financing - maybe a form of mezzanine financing - and bring the Pumpkin into production. Meanwhile, the private shareholders will enhance the project value by further exploration and will enjoy the benefits of a recovered copper price. The private shareholders will then sell the enhanced-value NCU package at the equivalent of $6/share to a major, and will have the last laugh on Krud et al. Do you think I'm dreaming? Maybe not. It's been done before. Have a look at what Bolivia's Patino family did with its Chibougimau gold properties in the late 1970's. Yes, Krud, this was before you were born, but I'm sure you can google it on your third hand Commodore 64.