GREY:NEVDQ - Post by User
Comment by
patchhon Nov 10, 2024 2:08pm
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Post# 36305756
RE:Message to Nevada Copper directors
RE:Message to Nevada Copper directors
scotia bank about 3 months ago - change the law in Ca on mergers.. if the targets were not canadian on both sides. the merer required Ca Regulatory Approval. on a couple of the epiks Glencore is namesaked - then vanished..
Vlad for lak of transparency piled a shoe full of cash N2 NCI. on the surface it looks like he attempted to develop the mine.. C-19 hit yearington same tiem as NYC.. 65 fatals in less than a week. that first strain looks like a war bug.. Elko was very large >2000. miners rode coach buses to the mine..
Vlad shuttered NCI - something like several months.. there was a mine art 'w a review, where they had tallied arouynd a 600M$ loss. thats when he had a serious cash crunch... SS bank came in and gave Vlad a Locked Stok deal around 2019. storks were running around 3 buks 4 chuck. SSbank broke the stock lock about three weeks later and shaved the stok price.. then the hens came out, and downgrades the stock price w hastings along w the SS bank DG.
i think this (couple other posters) is when morgan attempted to buy the mine - there were a couple shots N the dark N this direction thru 2021.. it was at this time NCi bad debted the entire mine for around 850M$ Loss and filed an IRS Re-capture. the mine has like 15 years of 20M$ recapture/ritedown.. its in the MDA's
when U lood at this after price wather house came in anf applied a Mine Guideline - Certified Mine AUdit (this was for KiWi = prior to this it was managments best estimate)
over time U are looking at this and improvemnts and the non disclosure ot the Dyke (wells were put in 2019). U R seeing possible return end of 2024.
this is a rough abstract - why many of us bitter clingers were riding the project.. and the line of sight accumulation of Lorigh stock - presumptions the mine would go private.. it was a totally non-aligned discussion then.
as to SEDARS. if U are handy.. go a=bak to around 2016.. there were some rule changes on the TSX - so this activity was phrobited.. Pala issued 350,000 common shares of NCI and moved them to Lion Iron Ore ( not lion gold corp - QTA or LEO/Stigaset-ARCO). LIO was listed on the Ca Exchange until about 20 months ago. there was a stock dilution how this was treated - don't know.
what little I do know about the TSX,, its small several pink exchanges tied.. and the STC or Ca Regulatory authority will not initiate an action on a CEO unless there is actual cash fraud - where there is a conversion of assets -4- much less that 600K$. around 600K$ they will move to the courts to recover the money - preservation of their small funds and pension groups. U are correct otw- there is monkey mayhem all over these NCI Stocks.
as to tid bits. in one fo the MDA's.. its clear in B&W that NIC can issue stock anytime to anybody.
as to outstandng debt.. it was aourd 60M$ going into 2024 down from 360M 2023
russia crossing their frontier in feb of 2022 altered - going forward by design has smashed interest N NCI as EV had collapsed..the DIC thru Eprioc is around 60 M$.
with the rigger caps on friday for 12.5M$ (this is for the attorneys) on the residual escrow and a couple lead parachutes.. the Qest is around 20M$ upside down or the value of the stocks regisetered on the IROC SEC/TSX. i hav about another 400M shares on idel at the CBOT in chicago - probably morgan