GREY:NEVDQ - Post by User
Post by
rockhound3on Jun 14, 2022 2:01pm
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Post# 34755685
Keys in the Sector; The PROPERTY, The FINANCING, The PEOPLE
Keys in the Sector; The PROPERTY, The FINANCING, The PEOPLE Nevada Copper is certain to be a case study in the universities that teach mining & management.
While there is copper at Pumpkin Hollow we have now learned the hard way that there are challenges in getting the copper + PM's out of the Ground.
It should also be noted that there is likley SIGNIFICANT additional metal which hasnt been " MEASURED"
Nevada Copper or rather its controlling shareholder PALA gets a failing grade when it comes to the PEOPLE ! = a true F,
What is so obvious is that the Board has not been HONEST in their communication of what has been encountered ( it is possible to argue that this wasnt deliberate rather they suffered from ESL) being extra slow learners!)
This then ties in with the financing where it is very obvious that PALA has followed a strategy to "scew" over the retail shareholders in order to effectively steal ownership/value for themselves.
The irony is that the incompetence of the ZUG BRIGADE has in the end also ended up scewing
over themselves as not only did they not provide honest communication but also they placed the blame on everyone but themselves= somehow believing that the LORICH'S were smart simply because they had money = money effectively stolen from other Russians ( with appropriate kick back to buddy PUTIN!)
There is a very high probability that PALA will shut down their operation as who would want to do business with them?
However there is hope that VLAD & his band of struggling youngsters will realize that they dont know what they are doing and also appreciate that there is some value that isnt being recognized in the share price? and put NCU up for sale.
While in most developing mining stories = the PROPERTY is the key, in this case the missing piece is the PEOPLE , who are to blame, such that no amount of FINANCING could help them!
The upcoming AGM should be interesting with questions such as ;
?
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&?
ROCK