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Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and... see more

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Nevada Copper Corp > Castlelake still selling out ??? >>>

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Post by Notgnu on Oct 28, 2021 3:57pm

Castlelake still selling out ??? >>>

Just a guess but big institutions, particularly ones that are on the ropes,often do not exercise a lot of discretion when selling small venture positions.

Their director left NCU (March 3 news) and it looks like CL's total value of assets has dropped from $30 billion to $20 billion since the pandemic hit (I wrote about this in the past a few times.)

If they are still selling into the market it could go on for another few weeks ... hard to tell.

Anyway, it could be part of the recent downside pressure we have had that is in contradiction to the incremental progress toward production.

Cheers,
Notgnu

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Comment by my69z on Oct 28, 2021 4:08pm

I'm US market --- E-trade & the volume there dosen't show a major dumping. Glta!!

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Comment by Notgnu on Oct 28, 2021 4:18pm

I do not think there is major dumping, just steady selling for about 3 or more months. This is a great buying opportunity, probably one of the best out there still, IMO. N

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