Nevada Copper Corp T.NCU

Reset

[mckayk3]

These guys are clearly being sacked by their parent company for failing to deliver this mine on time on budget.  The restart package did not do its job and now Pala/Mercuria are significantly in debt. 

I am not sure if this means the parent company (Pala/Mercuria) will back out yet.  We know they have a significant investment in this project - but they need strong leadership to get this project finished.

The financial updates have hinted at a takeover (change of control) but reading between the lines, they are unhappy with bids. (btw the current stock price is irrelevant for any transactions since they control nearly all the stock).  

Bankruptcy is also not a realistic outcome since they'd just have to sell assets for nothing.

My thinking is, Pala & co either walk away now and lose everything, or they do a hard reset on leadership and dig into their pockets once more.

[TomsStockHut]

...share your view. However time is running, 14days to report formular 8 to SEC. Let's what they have to tell us. rgds, Tom

[nofluff]

I think u r correct mack.  The pala group will not want to sell at a loss. Sp will allow them to reset with more convertable loan much cheaper. I think we will c .04 or more today. Nf

[cnynman]

I think you are correct about 'failing to deliver'.  With these resignations, it seems less likely that Pala/Mecuria is willing to step up with additional funding, so backing out may be in the works. If the major shareholders choose to walk away, it signals that in their opinion, this project cannot be made into a profitable concern.  We need to wait and see what happens, but

[patchh]

actually Solway has been paid.. they are simply being forced out..  they resigned and feel that they wil cash out somewhere on the new trail

[patchh]

Mecuria or Solway does not hav more then 30M Shares paid...  i lost rakNtrak how the came up w 18% control..  i will leave it as' this. the people exiting were replaced about a year ago w 2 or 3 new hires from big beak mine companies. i.e. How- Who'sNWho's...  their parent companies were billion dollar operations... as 2 the banko's//  possible..  its