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Nevada Copper Corp NEVDQ

Metals & Mining Copper
Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.


GREY:NEVDQ - Post by User

Nevada Copper Corp > Question about January 25, 2022 Special Meeting
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Comment by patchhon May 22, 2023 6:27pm
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Post# 35459435

RE:RE:RE:RE:RE:RE:RE:RE:RE:Question about January 25, 2022 Special Meeting

RE:RE:RE:RE:RE:RE:RE:RE:RE:Question about January 25, 2022 Special Meetingthis may B difficlult to explain...  my mineasy !

the warrants were issued @ the par value of the canadian T-Bill..  Ca Warrants are Bearer Bonds (lets keep it simple - illegal to exercise r hold in the USA)

NCI rec the cash of the sale of the wts..  lets say 10M$..  thats cash on their books..

if the stork price strikes the wts..  thats a cumme loss to the mine when the exercise..  cash out minus the 10M$..

BC the wts were issued as a bond equiv. (how these work on the Ca loaw ??)..  the holders of the warrants can claim a tax loss in Ca ??

payla hav a wheelbarell.. then the retail ivestors had a rukload..  lets say 65M$ in total..  the mine collected the 65M$ - but never exercised..

at tax time NCI declares these as a non-performing asset and takes a chargebak against taxes..

i learned this the hard way..  i tried to sell these warrants 6 mnths B4 they expired..  they were illiquid - i could buy but not sell..  i went to brokerage and asked for them to send these to auction = no dice..

wts in lieu of stork price is simply a bad idea..   this is simply a greenie piggy stuffin for the mine..

what i hav learded..  if the warrant is going for less than 20$ US or Ca  --> run..  its safer to purchase Ca Bank COntingency Bonds that pay a 5% divident...
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