Email sent to authoritiesMay 15, 2023
To whom this may concern,
I’m a retail investor in Nevada Copper (
NCU.TO) and have been over the last several years.
During the last several months, I decided to investigate how the stock has been shorted since the share price and market cap have always been questionably low for a company that has invested so much money and time into the development of its mining setup.
I noticed a pattern throughout the last 3 public / private placements that strongly suggests the stock has been shorted on non-public information prior to events and press releases that would create a negative sentiment towards the retail market and share price.
Attached are 3 images identifying the shorts accumulated before the following 3 events and 1 image of the shorting pattern throughout the last 12 months (before and during the 2022 Restart Financing Package).
· November 2021 Private Placement
· January 2021 Private Placement
· July 2020 Public Offering
If my observations are correct, this shorting pattern has started as far back as 2018 and merits an investigation.
Given the observation with these patterns, I’m also questioning the integrity of the amount / frequency / accuracy of the information that has been released to the public to make a fair investment decision in this public company.
If these patterns prove that insider trading is occurring, then the number of shorts that have been created in early 2022 suggests that someone or people acted on non-public information that created the necessity for the Restart Financing package that was completed in October 2022.
I also began questioning the fairness of how the special warrants (in Restart Financing Package) were based on a share price that has been manipulated downwards on the shorting and string of press releases about possible TSX delisting and enforcement by creditors…
Nevada Copper has only publicly notified the public about the delisting review being lifted on May 8, 2023 when it has been completed March 31, 2023. Why wait so long to share good news?
The lack of communication, information and delays with the general public, reinforces my belief and observations that Pala Investments is acquiring a large ownership of this company on a share price that has been artificially driven downwards and suppressed by artificial (shorting) and psychological means (Press Releases: information withheld and lack of timely communication).
I don’t understand how the valuation of this company is based on the little information that we receive when nearly 76% of this company is owned by private equity…
The only solid proof I have is the patterns of shorting prior to news releases that would drive the share price downward, and I would like to know if this can be investigated for retail shareholders in Nevada Copper.
Thank you for your time
I attached the images of shorts accumulated prior to the PP events and 12-month shorting history prior and during the restart financing package.
I'll update this board when I receive news.
#Integrity #Openness #Honesty