GREY:NEVDQ - Post by User
Comment by
stokpikeron Aug 15, 2018 9:58am
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Post# 28463818
RE:Why up 9%?
RE:Why up 9%?IMO mgmt did a vey bad financing, too large, more thna they needed now, price too low, poor timing with summer doldrums around the corner and bad luck with a correction in copper
volume dried up around mid July, share price moves easier on low valume
IMO copper will be strong for the next several yrs, the project is good, its in a great jurisdiction
if NCU mgmt bring the underground to production on time and have the open pit moving towards production then their timing should be very good and NCU share price should do very well
BUT it would have done better if they hadnt raised all that cash at .60