GREY:NEVDQ - Post by User
Comment by
bogfiton Aug 07, 2021 1:08pm
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Post# 33668448
RE:RE:Must say it
RE:RE:Must say itWell, to begin a little deeper look into your "downward trend", it should be noted that NCU is today the same price as it was in March 2020; and a few things have happened since.
At that time the covid was 3 months old and on March 26th there were 81,578 American cases and 1,180 deaths (New York Times)
and,
the company announced additional funding and gave a very positive ramp up report.
https://stockhouse.com/news/press-releases/2020/03/18/nevada-copper-announces-planned-substantial-balance-sheet-strengthening
Considering the additional costs, dilution, and debt since, I would say holding that price in an economic catastrophe isn’t all that bad. But what about all those peaks and valleys in between now and then?
IMO the drop in PPS between March and Nov. that year was mostly due to uncertainty over Covid. Then in Nov. copper was being over-hyped in the media creating speculative pressure that sought spec. jr. coppers and arrived here in Pumpkin Land. From that point NCU’s trajectory fairly paralleled copper’s move, dropping recently with the news of a China pull back.
If anyone thinks that starting up a mine is without fresh challenges and unanticipated difficulties to overcome, they are too ignorant to be investing in mining at all. The only person who should be unhappy with this stock is someone who thought it was a get-rich-quick bagger, but their ire should IMO be directed at themselves. But Notmuch chance of that, is there? LOL
b.