RE:Reminder: Timely disclosureWestcoast, I do agree with you but I think that what happened today was much more prosaic and possibly just opportunistic. Professional traders watch the volume when it is unusal and strategize about how to take advantage. In this case news was expected for a few days; there have been a general lack of new buyers due to no news and the consolidation speculative positioning and then some one (I believe) moved the price down with small trades.
I think they are trying to short term push the stock down through the 150 day moving average at 19 cents to create a quick cascade of selling to steal shares. This is a massive buying opportunity. The sharks are hoping for fear and probably trying to stoke it as well. It is like a game of chicken. The value is here and a lot of people know it. Once there is a downtrend it is like musical chairs and eveyone wants to buy the bottom.
This can, and likely will, reverse and head higher with a fury... particularly if news beats expectations. Anyway, that is just my 1 cent worth.
N
westcoast1000 wrote: Like most here, I saw the video with Mike C the CEO of the company.
He made statements about the outlook for production activities, and the timing of expected nameplate production, in coming months, IIRC.
Assuming I do recall correctly, then NCU has a duty to inform everyone in a timely manner about whether those expectations have changed.
We certainly are all hoping for such an update. But the key point is that they have a duty to disclose any significant changes from previous guidance.
The upshot: if the large sale today was due to some leak, that is illegal. It is not in the company's interest to delay or avoid timely disclosure, nor to suffer leaks. Pala is affected as much as any of us.
In the end, the copper is still there at the site, and they have a mine nearly completed. Even if there is a delay it will be something that can be overcome by mining engineers. At worst it will take time.