Post by
fishmillion on Feb 20, 2021 7:54am
Come on
Come on pumpers.... its not good news... mine delays and repair/reconfig costs for any company especially one that is already very leveraged is bad news....cash position is all that matters now.... do they have enough green to fix the 2 major issues or dont they..... if they dont some one else will be finishing things.... it is back to a coin flip.... which sucks... but now the gamble is on again.... could win big...could lose big.... i know, i bet the cheifs. For reference they were almost at 1600 tpd at the end of december... not much progress
Comment by
Newstock44 on Feb 20, 2021 8:04am
Pumpers are optimistic not negative. You want to gain on others misfortunes. I would rather own a copper company that is going online soon then one they just discovered but I kNow what your job to do on here. As soon as there is some positive posts then 4 more post go up and hide the others. Scroll down to see. Something smells Fishy to me cheers
Comment by
lumpy13 on Feb 20, 2021 1:41pm
The NR was frustrating, as NCU has lots of things to improve/resolve. That being said, it's not that unusual for a start-up of operations. They're essential 1Q behind schedule. Exasperating, but 1) the CU price trend looks extremely favorable and 2) NCU is still relatively cheap. Just means its price rise will be mor gradual but it will trend upwards.
Comment by
ronnie4 on Feb 20, 2021 2:57pm
I will admit I was worried when I saw the news but you are bang on with regards to start up blips. I am working through one now with a manufacturing business I'm fortunate to work for. Almost ever capital project I've seen over the last 18 years have had issues at start up. We continues to grow and be successful despite the temporary setbacks. GLTA Im long @ .18