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Universal Copper Ltd V.UNV

Universal Copper Ltd. is a Canada-based copper exploration company focused on the acquisition and exploration of copper properties. Its focus is on advancing the Poplar Copper Project, which covers over 61,566 hectares, located 35 kilometers (km) from the Huckleberry Mine and 42 km from Equity Silver Mine. It hosts an undiluted indicated mineral resource of 152.3 million tons grading 0.32 % copper, 0.009 % molybdenum, 0.09 g/t gold and 2.58 g/t silver and an undiluted inferred mineral resource of 139.3 million tons grading 0.29 % copper, 0.005 % molybdenum, 0.07 g/t gold and 4.95 g/t silver.


TSXV:UNV - Post by User

Bullboard Posts
Comment by KingAceon Nov 18, 2017 10:32am
96 Views
Post# 26989100

RE:RE:What are you guys smoking?

RE:RE:What are you guys smoking?You can short game all you want but in reality this news lowers the value of the stock, they don't even have 500k cash to spend in the first year. So they are watering the SP down. If they give away 20 million shares at 34 cents each and don't get anything in return, you think all the other 20 million shares would stay worth the same value? No. The private placement, that will come immediately after this agreement is signed, however will help the SP depending on what price it is issued at because they are receiving something (cash) in exchange for shares of their company. Cash that they will be legally accountable to spend every cent of.  
Bullboard Posts