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Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises about 97 square kilometers of highly prospective land located about 102 kilometers (km) northeast of the City of Chiclayo, Peru, which includes the advanced stage Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s mining district. The Company also holds other earlier stage base metal properties located in Peru and Canada. Its other projects include Don Gregorio property, Arikepay Copper-Gold Porphyry Discovery, and Canyon Creek property. Don Gregorio property is a copper-gold porphyry target located in northern Peru.


TSX:ATCU - Post by User

Post by horsewithnonameon Jul 05, 2024 4:04am
207 Views
Post# 36119228

Share price development and take over

Share price development and take overThe shareprice development will not only be a key indicator regarding the seriousness of a take over but more importantly impact on the the takeover strategy overall. As long as the the share price appreciation is slow and we are still well below levels seen in previous times of comparable economic environments, as well as we are well below the developments seen for example at the copper producer levels Fortescues interest will be in slowing down any increase while still derisking the project at the same time. I think it is clear to all that ATCU is undervalued significantly, whether it is 200% or 1000% is not so important today, but will be decided at the time of the sale and this will depend on numerous currently unknown factors - e.g. copper price, number of interested parties, coherence of the ATCU shareholders and the role of the board. For now Fortescues focus must be to limit share price gains, limit unnecessary dilution, while derisking the project at the same time. I see it is playing its cards on all of these issues, some are in favor of Fortescue only eg. limit share price appreciation, others are in our common intererst of existing shareholders e.g. limit unnecessary diluton, derisking. So for example if we can get the share price rolling, Fortescue might be forced to show their cards earlier. Maybe we are at a turning point for the next move up, if permits are coming I would expect another 100% to 1.2 CAD very quickly. GLTA
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