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Bullboard - Stock Discussion Forum XXIX Metal Corp V.XXIX

Alternate Symbol(s):  QCCUF

XXIX Metal Corp., formerly QC Copper and Gold Inc., is a copper developer. The Company is engaged in advancing its Opemiska and Thierry Copper projects. The Opemiska property spans over 13,000 hectares in Quebec's Chapais-Chibougamau region. The Thierry Copper Project spans approximately 7,907 hectares and historically produced 5.8 million tons grading 1.13% copper, and 0.14% nickel. Thierry... see more

TSXV:XXIX - Post Discussion

XXIX Metal Corp > A stupid financing
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Post by BSdetector2016 on Mar 27, 2023 11:06am

A stupid financing

Done at rock-bottom and not required. They should have dumped Baselode shares to make up for any real or perceived cash shortcomings. Another one for IROC to look at as the news was out last week, though not officially.
Comment by E30S14 on Mar 27, 2023 3:03pm
I've been watching this one from the sidelines, but considering taking a small position at current levels (0.125 Bid / 0.13 Ask). Any insights as to why QCCU is trading at these levels? Seems like a potential short term trade opportunity here at the very least. Thanks in advance
Comment by CheGuevara on May 05, 2023 6:48pm
Stupid financing???? As any other junior explorer they need money to operate. Dump baseload shares? Not an option. Why dump now if they can sell later at better price? Look at the terms: no warrants and they are long term shareholders. Minimum dilution and good amount of cash in the treasury to keep going 
Comment by 5oceans on Nov 02, 2023 9:50pm
... ...  you think? ... ... !