IKN

a plague o both your houses

QC Copper & Gold (QCCU.v): Drill baby drill, burn baby burn

This morning, QC Copper & Gold (QCCU.v) started to roll out its financing plans for 2022, with a block sale of Baselode (FIND.v) shares and a flow-thru financing announced. This is good, the trade may have started well but now is the time that serious asset value gets accrued. As a shareholder, I want this company to raise as much cash as possible today, dilute me and my shares down, then go out and spend it all next year. The more aggressive in 2022 the merrier, the faster the cash burn the better for QCCU equity. So fill treasury guys, then drill baby, drill. Burn baby, burn.

Disclosure: Long (duh)

7 Comments

    There’s just one problem! The guy behind this company
    and the Ore Group- SS is not particularly well thought of. Witness the shafting shareholders took at MIS for example. This guy is a used car salesman and I wouldn’t touch any of touch any companies connected to OG.

    Reply

      In jr mining, if you don’t make enemies out of scumbags you don’t achieve a thing. QCCU is a clear winner of a project and the PPS has doubled as a result. SS has made a lot of shareholders happy and, fortunately, they include readers of The IKN Weekly.

      What was your name again?

      Reply

        Sorry Otto, I cannot agree with your assessment of QCCU. I will only bet on the horse and the rider, not one without the other. In the case of QCCU, the rider is not only arrogant and unaccountable towards shareholders and who’s claim to fame is string of disasters (ie dogs) ie AE, ORX, MIS ect. The horse in this case has unproven economics; just some lofty projections. I dont expect agreement from you, however the fact speak for themselves.

        Reply

          Fine by me, find your own stocks. Though your need to stick your elbow in just because somebody you don’t like has found success tells us way more about you than the company in question. Now, run along.

          Reply

            This bashing about Stephen is stupid. Lots of SH were pissed off because he made a deal with Kirkland to drill the heck out of Mistango and Orefinders properties. It drastically lowers the risk of dilution and SH should be happy to still have the 20%. But no! The greedy ones wanted to keep 100% and spend millions of dollars with very little chance of success as this the norm is in this industry.
            To sum up, YOU think Stephen did a bad move. Don’t pretend you speak for all SH.

            This bashing about Stephen is stupid. Lots of SH were pissed off because he made a deal with Kirkland to drill the heck out of Mistango and Orefinders properties. It drastically lowers the risk of dilution and SH should be happy to still have the 20%. But no! The greedy ones wanted to keep 100% and spend millions of dollars with very little chance of success as this the norm is in this industry.
            To sum up, YOU think Stephen did a bad move. Don’t pretend you speak for all SH.

            This bashing about Stephen is stupid. Lots of SH were pissed off because he made a deal with Kirkland to drill the heck out of Mistango and Orefinders properties. It drastically lowers the risk of dilution and SH should be happy to still have the 20%. But no! The greedy ones wanted to keep 100% and spend millions of dollars with very little chance of success as this the norm is in this industry.
            To sum up, YOU think Stephen did a bad move. Don’t pretend you speak for all SH.

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