Bullboard - Stock Discussion Forum Capstone Copper Corp T.CS

Alternate Symbol(s): CSCCF

Metals & Mining Copper

Capstone Copper Corp. is a copper producer operating in the Americas. It is engaged in the production of and exploration of base metals in the United States (US), Mexico, and Chile, with a focus on copper. The Company, through a wholly owned Chilean subsidiary, Mantos Copper S.A., owns and operates the Mantos Blancos mine, located 45 kilometers (km) northeast of Antofagasta, Chile and the 70... see more

Add To Watchlist

TSX:CS - Post Discussion

Capstone Copper Corp > What happens now

View:

Post by sicnarf2 on Feb 01, 2024 8:33pm

What happens now

To days losing price was 6.67 much higher than thec6.30 ?

153

Comment

Comment by sicnarf2 on Feb 01, 2024 9:07pm

I guess it's just a change in ownership of about 70 million shares ?

Comment

Comment by 1234bmth on Feb 01, 2024 9:57pm

This is not a change of ownership, CS is issuing 59.5M shares plus 9M options at $6:30 and using the cash to fund its growth projects, so CS didn't take loans rather it issued shares.

107

Comment

Comment by 1234bmth on Feb 01, 2024 10:17pm

This may have short term negative impact on the SP, SP may adjust close to $6.30 due to the fear that the new buyers may sell if the SP is above $6.30, but in the long term this is positive sign due to the fact that buyers are willing to buy significant amount of shares at $6.30, that means if copper holds at current price or goes up, then $6.30 would become the floor for CS SP, it is all my ...more

179

Comment

Capstone Copper Corp