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Nevada Copper Corp NEVDQ

Industrials Conglomerates
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 > Basically we have milestones some may missed
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Comment by KentWilkenson Jun 16, 2024 6:01pm
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Post# 36091332

RE:RE:RE:RE:RE:Basically we have milestones some may missed

RE:RE:RE:RE:RE:Basically we have milestones some may missedMy first, second and third guess as to why they are doing a slow layoff, is they will try to sell the project lock stock and barrel to a major. Mine infrastructure in place, basic staff, easy enough to turn back on and work out the bugs.

Pala out of money to move ahead, only chance to recoup is a proper sale.
Sale will need enough cash to payoff lienholders, balance likely in shares.

The timed clauses will indicate if that is boilerplate cut n paste or really the intent. 
Clause g requires bidding motion by june 19.

If sale is just hard assets, not all lenders will get payback, stockholders 0

40m of loan is chewed up in wages, fees and buyouts.

Pala got off board to let this happen, and only chance they get value for their shares.

Purpose of chapter 11 is to sell as a complete unit.

If just hard assets, then chapter 7 sufficient.

My two cents, read the doc for yourself.

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