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New Pacific Metals Corp. T.NUAG

Alternate Symbol(s):  NEWP

New Pacific Metals Corp. is a Canada-based exploration and development company, which is focused on three precious metal projects in Bolivia. The Company’s project includes Silver Sand Project, Silverstrike Project and Carangas Project. The Company’s flagship Silver Sand Project is located 35 kilometers (km) northeast of the Cerro Rico silver and base metal mineral system near Potosi in southwest Bolivia. The 5.42 square kilometers (km2) property sits in the Eastern Cordillera at an elevation of 4,050 meters above sea level. The Carangas Project is located about 180 km to the west of the city of Oruro, Bolivia. The project is comprised of three Exploration Licenses (Granville I, Granville II and Colapso) for a total area of 40.75 square kilometers and is accessible via the paved Highway 12 and a municipally maintained 30 km gravel road. The Silverstrike Project is located approximately 140 km southwest of La Paz, Bolivia, or about 450 km northwest of its Silver Sand Project.


TSX:NUAG - Post by User

Bullboard Posts
Comment by Dmajormineron Apr 27, 2020 7:32pm
308 Views
Post# 30959922

RE:RE:Pan American Silver sells 2 MILLION shares of NUAG yesterday

RE:RE:Pan American Silver sells 2 MILLION shares of NUAG yesterday
This is untrue.  The only block of shares sold was by Pan American Silver.  It was two million shares sold at $5.60. Check the Sedi filing.  The directors were listed also as a disguise that more was sold but none of them actually held shares. It was a ruse.  Pan American Silver still holds 22,704,068 shares of which you can expect continued sales , as much as once a week or whenever they find bagholders to buy it.  They may also be distributing stock into the market on a dialy basis now that they have declared that first block.  I can asure you there is now way I would be a buyer of this stock with PAA overhaging the market.  

Also of note is the Rui Feng just resigned as CEO.  Thats even a bigger tell that trouble is ahead for this company becuause Feng is now quickly distancing himself and putting a puppet in his place. There are lots of great gold companies to own that are still relatively cheap such as B2Gold, K92 Mining, Alamos,  Orla and GTT gold.  Why would anyone own this .  Its a total house of cards.  NUAG has no upside at all.

My six month target is .50 cents.  It could happen very quickly once investors are stunned by the news that Bolivia never granted NUAG the land or any licences to mine it. 
Bullboard Posts