RE:Selling and Palawestcoast I somewhat concur and have thought this through several times. On balance my speculation is that there is a bigger and more important alignment of incentives than trying to screw minority holders.
I believe the company and Pala no longer care much about those who are riding their coat tails and are simply slowly and carefully seeing this project and opportunity through.
We may all hope for a quick flip profit against the other guy (like bog constantanly brags about with his technicals and gato) but often we don't actually take the risk to sell and re-buy. I did some selling and re-buying (at an overall profit, to boogers dismay) back when we had volume. The risk, as always, is in getting locked out of the trade and being faced with re-buying higher (that is what makes a market boog.)
The low volume tells me we are ll just waiting on news and the price is not getting much "discovery" at present.... essentially just a few people trying to be market makers (leaving both a sell and a buy up.
All will be well,
Have a great weekend.
N.
westcoast1000 wrote: Clearly every investor has their own reasons for buying and selling shares in a company at any specific time.
But it is hard to understand selling NCU at this price, at this time, with copper prices moving up quickly, the mine about to announce its progress in initial operations, and cash flows about to begin.
The dump of shares on the bid moving the share price down one cent from the open today suggests something is off.
The sellers could be Pala or one of their senior officials on the board. The purpose would be to compress the price. The reason would be for a future attempt to buy the company. The process could unfold like Cobalt 27. The retail holders did get a 66 percent premium on the share price and also some shares in the new company.
I would like NCU even more if I were not worried about Pala. However, we do have Castlelake as a large shareholder. Their web site says exactly nothing about where they are located, what they own or much of anything definite. The web site looks like Switzerland though.
Castlelake might be aligned with Pala. It they are not, and I hope they are not, then we (retail) has a much better chance of good treatment from Pala in any future maneuvers regarding NCU. If they are aligned with Pala, then we still have three other VC companies, including Blackrock, as potential supporters of retail.
This issue is the biggest non-production uncertainty facing NCU.