Nevada Copper Corp NEVDQ

Discount to market intellectually challenged.

[KentWilkens]

maximum legal discount to market is 20%. When they discount to market they gut the share price by 20% immediately, gut the existing shareholders, and it usually takes months to recover, if not years. By doing so they get zero discount, none in reality, since the share price immediately drops to the new issue price, or lower. They undermine existing retail traders, which further undermines the share price. If the new shares were marketed at the current price, the price would hold. Discount to market means the new shareholders do not think it is worth market value. Happens every time. KW

[nofluff]

Well kw. You r correct. But in todays environment, the big pic for this deal is way up for sh. Yes. There r those partisioants that will sell existing shares, just to get the new plus free warrants. That will pass quickly. This is the 1rst pp that I ever agreed with in 30 years of tsx investing. Time will tell if I am right:)) Happy guessing. nf

[dosco]

Wow, china has truely the better laws to protect smal men! Unbeliveable action!

[Joecanada13]

30 years experience nice well I'm glad you feel that way 

[lumpy13]

Actually, share dilutions, if small, can be a great opportunity, as the market tends to over react.  I've done well buying in various companies.  Plus, the new money can mean the compny has the ability to move forward. In this case, though, the size of the PP is significant so the overhang effects will remain for the near term.  Will just need to ride this out for a few months.

[dosco]

Pala told us maybe, they can do what they want with the new CEO and they plan to get us out? They have now maybe 100%  control? Does that reminds me to this https://youtu.be/8e1AwnRXwO0  ?

[JoeStockIQ]

Ah, cheer up Kent. Everything worked out just fine for Taseko immediately after their private placement debacle for shareholders. It actually recovered and continued to move higher rather quickly. So who knows, maybe this works out for you as well. Chin up buttercup. 

[Joecanada13]

Right everyone so emotional here. It's gonna do just fine. I'm still predicting over 2$ by the end of the year. We're way undervalued. 

[Fishbillion]

This post has been removed in accordance with Community Policy

[lumpy13]

Joecanada:  I love your optimism (and would love for you to be right), but my guess is the price won't exceed $1 by yearend.  NCU now has money, but still needs to prove they can deal with the problems and get production up to 3k tpd by yearend (as they originally stated).