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NorthWest Copper Corp V.NWST

Alternate Symbol(s):  NWCCF

NorthWest Copper Corp. is a copper-gold explorer and developer with a pipeline of projects in British Columbia. The Company's principal activity is the acquisition and exploration of mineral properties in Canada. Its Kwanika project is located in the prolific Quesnel Terrane, which hosts numerous porphyry copper-gold deposits such as Mount Milligan, New Afton, and Highland Valley. The Company holds a 100% interest in the Stardust project, a carbonate replacement deposit (CRD) located in north-central British Columbia. Its East Niv project is located in British Columbia, which lies within the territory of Takla, the Tsay Keh Dene, and the Nii Gyap Hereditary Chiefs of the Gitxsan Nation. The Company’s Lorraine project is located in northcentral British Columbia, which comprises two contiguous properties: the Lorraine-Jajay and the Tam-Misty properties. The Company also holds other properties located in British Columbia, including the Arjay, Tchentlo and Croy-Bloom properties.


TSXV:NWST - Post by User

Post by Pete2029on Aug 25, 2023 2:30am
335 Views
Post# 35604860

Loaded up the truck....now what?

Loaded up the truck....now what?Well, some years ago I thought Pulcan was onto a good thing, so I loaded up the truck at $0.68 before the Serengetti/Sun Metals merger.  Since then I watched NWST soar to almost a dollar, and the merger should have raised that to $1.80 or more.  But after the merger "anonymous" started selling and dumping cheap shares at 3:59pm just before closing.  The Board eagerly raised money at the reduced share price, multiple times, and those shares were then dumped into the market, further reducing value and diluting each time.  Repeat and repeat and repeat. The shares are now at just $0.17 and the current Board can't wait to let their friends buy in at the new low price to fund drilling we don't need.  The last PEA indicates we should be setting up mining operations now, not using excuses to dilute further.  I'm fed up with this, and don't trust the current Board. Peter Bell might have stopped this, but they fired him. David Moore at least is backed by both slates. If you're happy with the status quo Board, then I'm sure you'll be happy when our shares are $0.04 each.  That's where they appear to be going.  Others here might be comfortable with "the devil they know" but I'm not.  This is a good property - it's worth a minimum of ten times the current price. But I suspect we'll only see 4 cents per share once they've done their latest financing. 
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