RE:RE:RE:NCU Mining Operations - Overview Presentationcnynman wrote: You are exactly correct. Yet, the primary purpose of PFS, PEA, FS, etc. is to both guide the company and provide insight to potential investors. The fact that the most current of these 'projections' are now several years old, with effectively new ownership and many changes of direction highlights the great level of 'uncertainty' this operation represents.
NCU is not being required to complete any updated FS or PEA, so they will not. Those studies are time consuming and costly. This brings us back to your point of 'do your own due diligence'. With all the changes in direction, ownership and history of misteps, that 'due diligence' is very difficult and filled with additional uncertainty.
A healthy dose of skepticism here seems most appropriate. At least until we see that prolonged history of uninterrupted production and positive cash flow.
This won't stop the shameless pumpers on this forum. Their agenda is not rooted in long term sucess and growth of the company.
You are correct in terms of the Company not peforming reports etc that are not necessary. It's not a good use of their resources (including cash). Any detailed documentation used to guide the company is likely not going to be fully made public but rather disclosed in bullet points through the updates like what was provided for Pumpkin.
Due Dilligence is never easy, this is often overlooked by many. To speculate on any sector and any company requires a level of foresight and the weighing of probabilities. This applies to all stocks, technoloyg, medical, energy, commodities the list is as long as the number of sectors within the marketplace. Patience is often the killer for most as time is often a big factor in seeing the best returns
In the case of copper I see demand ramping up due to the need to upgrade and expand the power grids. The EV market is also something I am speculating on and then finally the shift of the US Fed Gov to priortize US based critical metals / resources.
Keeping a skeptial eye on everything is likely a good course of action for all things in life, as well as investing. Every stock will look good at some point and poor at other times. If you can find the ones that appear weak in a sector you are bullish on you may have a good investment opportunity given the right amount of time.
In terms of Bashers and Pumpers... keep something
VERY important in mind... most folks on a stock forum will "Talk their Book", meaning they will bash when they hold Short and Pump when they hold Long. It doesn't mean either are correct and if you Short on Bashing you are still under a contract to Buy at some point, the same as they are. Those you listened to and opted to follow into a Short Position may have a much higher Position than yourself and easily capable of buying back (covering) at prices
higher than your own Margin Call numbers and pocket a profit on your loss.
A Short-Bag is Heavier than the Long Bag. If you play short and don't know your own margin call numbers then you best call your broker and discuss the topic as brokers are
NOT lending out shares with the expectation of losing money.