Nofluffs fluffy UnitsThose units at NCU are fantastic. A 10 to 1 rollback and now dilution to the tune of 148 million units. Each unit has a warrant that was in the money this week before this calamitous deal. And yet he complains about a 10 percent diltution here by way of the poopy placement that I hated. So NCU has added 300 Million shares today. That is 300 million shares. Put another way a 10 to 1 roll back brings it to 48 million shares. Another 10 for 1 roll back. Put another way a 100 to 1 roll back brings the shares to 48 million shares. Put another way prior to the roll back there would have been 4.8 Billion. That is B. Billion. Shares.... Yikes.
Put another way if you had bought shares at 13 cents and you were hoping for a much toted 10 bags the market cap of this one horse poney would be.... Wait for it. 6 billion. Put a different way. If taseko wanted to be a 10 bag pony it would need to have a market cap of 7.8 billion.
So for NCU to be a 10bagger we would need to value a single mine a 6 billiio. At TKO to be a 10 bagger we would have to value 2 mines at 3.9 billion each plus a few deposits.
Put another way NCU is trading at negative times earnings and TKO is trading at 6.5 times earnings. All fun ways to think of values. Units. Hate em. Cause they suck.