GREY:NEVDQ - Post by User
Post by
mrmomoon Sep 28, 2022 12:58pm
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Post# 34992582
Reply to dheadley
Reply to dheadleydheadley wrote:
Thanks for the info. So it seems we are doomed. Assuming we don't go bankrupt and the financing goes through and the world still needs copper would you hazard a guess as to where the stock price will be this time next year?
Hello Mr. dheadley. If my commentary/opinons has made a more informed investor and has helped you make better investment decisions, then ONE of my objectives to be here on these forums & spend precious time & energy...... has been fulfilled. To answer your question adequately, i'm assuming EVERYTHING i've stated goes as predicted. This includes commodity pricing such as copper, which is the unpredictable wildcard here, being stagnant for some time.
So assuming NCU mgmt follows through on what they've outlined & stated, i'm expecting the same playbook & outcome as it was not too long ago about a year ago. For the reaminder of the year, i expect this to keep drifting lower as the material impact of that massive dilution becomes an evetual reality and investors slowly bail. Some insiders included of course. So i fully expect this to be trading at about a .10-0.15 around end of year. Going into Q1 of 2023, depending when they hit the "nuclear button" to actually go through with it, the stock should be under a dime again by that time.
So with aprox 800M shares o/s after Pala'a conversion......AGAIN.....i'm guessing another 1 for 10 (minimu) RS being dropped onto investors sometime after Q1 2023, maybe before the second half. So if we do some quick math here, For every $1000 invest now, when everthing is said & done, an investor would be left with about $400 out of that $1000. This of course does NOT inclde further dilution. which i think will 100% come after the RS is implemented. So that $400 will be reduced quite a bit lower. maybe be cut in half again......minimum!
So like i said, W-I-P-E-D O-U-T !!!
Hope this answers your question......
GLTA