Nevada Copper Corp T.NCU

Bankruptcy?

[mckayk3]

How will bankruptcy play out?  Anyone have a good idea?  I can imagine we get a fraction of the liquidity.  I'm just wondering what to expect in terms of share value.

[patchh]

never seen one before/nevada..  bondholders first - payla - then creditors and a few penies for the shareholders.. if it heads to banko - buyers will wait until the residual has been placed w a court appointed trustee..

[RoyKerr]

Canadian creditor protection is not bankruptcy. bankruptcy 9/10 means shares are worth zero because bankruptcy usually happens when debts>assets. CP gives space to a company to come up with a plan to pay creditors without having creditors bully management.  This could be a new business plan if they can find someone willing to invest. or it can mean an orderly sale. in this case, because

[patchh]

its Inked in the US.. as a bondholder/payla - they would get paid first and then a trustee is appointed 4 a sale..  we don't know what those bonds R leveraged at...  KiWi would B tied to that as a principal..  Payla probably issued a bond to the germans for the loan..  its a secured debt..  thats the nasty side... myself !  i think they hav a buyer...  i

[mckayk3]

Thanks. Will b interesting to see how Mr. Market reacts to this, seems like a no brainer to grab 550M equity on 448M shares.

[patchh]

Lion Iron Ore / Payla acquired 320M shares bak in 2016 - B4 the TSX changed the reporting reqirements on insiders - 3rd partt large blocks.. Lion Iorn Ore is wned by Payla INvestments  Ca...  about a year ago their webb connex was scrubbed - like solway rite after the double allotment; several weeks before the french connction to the guatema lall massacre  surfaced on line