RE:RE:Wow what a disgraceMany of the newer investors or older investors, such as myself that purchased last year on weakness, have a very low cost basis and can easily weather the current storms that may befall NCP. My basis is about 6 cents USD, so I am not worried about the day to day fluctuations at all.
Granted, your post rings very true if one loaded up while this was over $4 near its peak last decade. If you look at the Balance Sheet, this company is barely trading over its net asset value per share. There is about little to no risk if you are buying at the current levels. There are billions and billions of dollars of mineral wealth (not including the exploration targets) waiting to be dug up out of the ground at much higher future prices.
A rollback is not ideal, I admit that. I try to stay away from the companies that do. That being said, if one of my juniors does have a rollback it is not a death knell for the company. Let me see, I own the following juniors which have had rollbacks: SVB, SSV, GLDX and I continue to be comfortable holding each of them due to their bright prospects.
If we break 500 million shares (due to warrants exercise) we can then talk about a rollback. Warrants, if full executed, would bring the share count to 550 million, but also add $40 million to the treasury. So, it is possible that in the future, we have a 1:5 rollback, which would leave us with an advanced exploration project in a safe jurisdiction, about 110 million shares outstanding, a loaded war chest in the treasury with the ability to crank out a PEA with a NPV per share that will make 10 cents (or the equivalent of 50 cents via a 1:5) look like peanuts.
OK, you may argue that is all true but this stock is dead money in the interim. My response to that is oh, well. What Have I said all along? Don't make NCP more than a few % points of your total portfolio. NCP is about 4% of my portfolio, but it will likely shrink as the gold and silver juniors start to heat in the interim. For newbies, don't go more than 1 or 2% and consider any future gains sorta like a lottery ticket with future gains yet to be determined.