Nevada Copper Corp NEVDQ

Carrying on the debate:

[rockhound3]

Let me be clear I am not commenting on any of the posts of Patchh -simply because I can't follow the arguement;

On my comments regarding What has happened since PALA took control of the company it is important to go back and look at the history including the following;

1.PALA's initial investment in NCU was at a price of $40 per share (post consolidation #'s)

2. Capstone was able to unload its interest in NCU to PALA who became the largest shareholder.

3. NCU needed to wait for the BLM  land transfer however when it was finally completed the commodity  cycle had taken copper down into the $2 level

4. PALA took over and while they hired in several competent independant Directors the young men at PALA in ZUG insisted that they knew more than the experienced directors such that we first had VLAD's son as the chair of the Board followed shortly by #4.

5..The inexperienced young men in ZUG  had no idea how much $ was required to bring the mine into operation .!Now Covid can be brought up as a negative however this operation would not have survived if copper had not  significantly increased to above $4 = such that while Covid had some negative impact the increase in the price of copper more than offsets the Covid impact.

6. An issue which hasn't been explored is the # of operating executives who were shown the door - with The ZUG BRIGADE. staying firmly in place. It should be noted that the PALA employees on the Board of NCU have no experience in mine building yet it iwas a revolving door of experienced miners who were blamed. ( No doubt many who have been in business have seen the old story of the boss blaming an employee rather than admitting the boss should have taken the blame.!)
Now it might be that VLAD makes all the decisions and The PALA employees are just messengers = we won't know until the book comes out?

One of the sad aspects is that the lack of proper communication could likely have kept this situation from cratering!  Most of us can understand  and appreciate that problems can happen in new mine development however it is very important to treat all shareholders that they can think and understand = however None of us appreciate being kept in the dark  ie being con-d!! INFORMATION CAN AND SHOULD  BE MANAGED  .ie tell early =manage the situation

7. If some posters think that the NCU share price will just go back up  they are mistaken.

Many retail investors bought into NCU at 1.60 (16 cents pre consolidation) and have bailed given that the stock went down to  50 cents  ie 5 cents. 

Now some retail investors would have bought in up to $3.10  or 31 cents. =thus to have  the stock go down to 55 cents ie 5 cents was defestating and many would have sold and put it down to a conn! 

8. The BIG TAKE AWAY is that the NCU name has a very negative reputation  which is going to make it difficult for the stock price to increase.

7. It was noted in a recent article in the Mining Journsl that the Lead Independent Dirrctor very experienced mining executive Tom Albanese is commenting on the likely value of the BLM land inventory of more than 20,000 acres which should be drilled given the fact that a well known rule in mining is that 

ELEPHANTS ARE OFTEN FOUND NEAR KNOWN ELEPHANTS 

8.!t is clear to all shareholders that PALA  has looked after its self in reducing their aversge cost per share taking advantage of an opportunity not available to  retail shareholders!


9.Thus the importance of putting forth the strong suggestions;

-make Tom Albanese the Chsir of the NCU Board

- carry out a drilling program on the large land inventory

- significantly improve communication so that there are no more surprises

- by doing this shareholder confidence should increase

- by starting a drilling program the value of the company will hopefully be increased

- with the drilling the measured ore amount should increase which should increase NPV
which would allow for an alternative strategy ie to SELL THE COMPANY

I do hope that some agree with my comments - but at least all can comment!

Stay safe 
ROCK