Nevada Copper Corp T.NCU.WT.C

Good news

[nofluff]

They have moved fast. Already have 60 million commitment to restructure. Randy is gone. Tom will b interm chair while new CEO is found. This only happens with good projects. Chrysler and GNC both did it.  Pala must have ran out of money. 

Nf

[metalhead666]

This post has been removed in accordance with Community Policy

[Beezer441]

Who (what) has committed the $60 million DIP financing? Pala? German bank? Other player?

[nofluff]

The update never said. It could even b the gov. As they have money earmarked for critical metals. I doubt that the loan is Pala or merc. as there nominated directors have mostly left the room. There may b more to go yet. The big thing is to get the court approval of the plan and then get the 20 million to keep advancing the mine. Nf

[patchh]

some of those PAYLA properties may B contaminated w sanctions..  mine sounds like its finished and buff took his golden ring..  he has a few shares. the mine simply needs a GM CEO. buffs career is support - supplies - phusical structural - nuts N bolts.  he is not a GM otw skip the fill -->

[patchh]

NCI has the annual ASM 12/14th in toronto. Traditionally its been held in nevada @ NCI or a watering hole in reno…   this is where the acting BOD will vote.. its in canada. The nine is incorporated in Nevada USA.   There are 350 famlies working out there. Up from 50 a year ago.. inflation or mor correctly De-valuation of the USD is probably a very large problem w the short term