GREY:NEVDQ - Post by User
Post by
mrmomoon Oct 04, 2021 7:50am
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Post# 33959802
Some additional notes....
Some additional notes....Hey folks. just a few more notes regarading the recent financing & extension from creditors on their copper project. First, this is NOT the primary financing i discussed on my previous posy here and only consider the additional $12M to be a bridge financing for the company to pay the overhead bills & keep the project from lapsing. Neveda Copper is facing a huge & real liquidity issue right now and at risk of losing the project if they did not get this extra cash infusion from their major holder Pala, including the waiver extension from their lenders. So i just want to make sure that the investors who are following this story undetstand that THIS was NOT the financing that will get this project off the ground. This was only a BRIDGE financing to get the company through the short term humps & bumps. The BIG equity financing is YET to come.
I still maintain for folks interested in buying here to continue to hold off, at least until they announce the Private Placement that is sure to come soo. I continue to believe that this financing will be done around 0-50-0.60 and will be a double digit multi million dollar finacing with different creditors. In the meantime, a short term crisis for the company has been temorarily averted and should stablilize the stock price solidly above 0.50 for some time, at least until the primary financing is announced. Copper prices cotinue to hold steady and this should provide additional support for the comany's stock. As for an aproximaye date for the PP, i would expect this to be announced some time between now and year end for sure. So until then, later friends.
Good luck & God speed