GREY:NEVDQ - Post by User
Post by
JayGriffon Nov 13, 2023 5:14pm
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Post# 35732939
52 million share increase, continued...
52 million share increase, continued...This is about a 4% increase to the OS from 2 weeks ago and 16.4% increase to the public ownership. I went down the OS history for last 12 years with Nevada Copper and haven't seen such a drastic increase like this without an offering.
I checked out other issuers to see if this is a common occurrence... nada
However, you can check out Ero Copper's news release from today.They explain to their shareholders that the OS will increase approximately 8.5 million (9% increase from current OS due to.an offering).
To date no reply from IR about this increase with Nevada Copper... like the shares haven't been diluted enough... and top it, no explanation...