GREY:NEVDQ - Post by User
Post by
nofluffon Jul 01, 2022 3:31pm
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Post# 34796612
press release
press releaseSo ncu has spent 800 million to discover, and develop the properties and build a mill and underground drifts to to major zones.
They say they r a heartbeat away from the rich sc. If financiers were to foreclose, they would use the same people to finish the development. So, they need 30 million more to get to sc and pay contractors bills. It would be very preditory to try to foreclose at this time.
However, raising 30 million at .30 would add 100 million shares. So 20% dilution.
I will take that.
My q. is. Why were we spending money on the op that we never had?
nf