Post by
westcoast1000 on Jul 08, 2021 1:54am
Reminder: Timely disclosure
Like most here, I saw the video with Mike C the CEO of the company.
He made statements about the outlook for production activities, and the timing of expected nameplate production, in coming months, IIRC.
Assuming I do recall correctly, then NCU has a duty to inform everyone in a timely manner about whether those expectations have changed.
We certainly are all hoping for such an update. But the key point is that they have a duty to disclose any significant changes from previous guidance.
The upshot: if the large sale today was due to some leak, that is illegal. It is not in the company's interest to delay or avoid timely disclosure, nor to suffer leaks. Pala is affected as much as any of us.
In the end, the copper is still there at the site, and they have a mine nearly completed. Even if there is a delay it will be something that can be overcome by mining engineers. At worst it will take time.