GREY:NEVDQ - Post by User
Comment by
Arbutus22on Aug 25, 2021 11:41am
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Post# 33761109
RE:Who knows more the SELLERS or BUYERS?
RE:Who knows more the SELLERS or BUYERS?
Fact addition: company operations continue. Per prior post, ads running to fill jobs. 4:1 ratio bid /ask. Despite optics, only insiders know why ceo was let go or quit; negative reading may be valid as may be a positive reading. Copper and copper mining companies off peak price. Demand for copper continues unabated. Supply is restricted, especially in politically safe jurisdictions.
NCU has no obligation to inform shareholders beyond what they have done so we are left to read tea leaves. Still, latest Q emphasizes slower progress than anticipated (to be expected with a mine at this stage); further development and exploration plans progressing. KfW credit facility amendment, to state that "there can be no assurance that such extension and amendments will be finalized by such times or at all. Failure to finalize the extension or these amendments would result in the Company being in default under the Amended KfW Facility" ... this is boilerplate language that must be inserted for legal reasons. On this basis alone, for those who think this indicates potential loan default, you are misunderstanding.