GREY:NEVDQ - Post by User
Comment by
lumpy13on Nov 11, 2021 1:41pm
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Post# 34115918
RE:RE:RE:Discount to market intellectually challenged.
RE:RE:RE:Discount to market intellectually challenged.Actually, share dilutions, if small, can be a great opportunity, as the market tends to over react. I've done well buying in various companies. Plus, the new money can mean the compny has the ability to move forward.
In this case, though, the size of the PP is significant so the overhang effects will remain for the near term. Will just need to ride this out for a few months.
The big positive of the PP is Pala's message is that they're still confident they can turn NCU into a profitable copper miner. But, as always, it comes as a dilutive price to minority shareholders.
KW: I remember when you were so critical of BTC. But it's worked out great for me, and offset my paper losses in NCU multi-times over. Have pulled out my initial investment, recognized 100% profits and sitting on unrealized gains of 6x.