Nevada Copper Corp NEVDQ

financials are very concerning...

[cashtango00]

They have a negative working capital of 100m as per last financials.  They also have an " going concern clause" in the finacials which is a financial requirement when auditors feel there is a significant chance they could default on their loans or not be able to raise enough money to continue operations.   Yikes

[Notgnu]

OOOO yyyiiiiiikkkkkkkkes. wow thanks... we never noticed that Mr. Ivan-hoper.

[cashtango00]

I can see Pala the biggest creditor is protecting themselves with the rollover of their credit facility.  26m at Libor plus 9%  LOL.  WOW.  Thats the highest interest rate i have ever seen, especially in this market.  These guys must be desperate for cash to pay 14-15% !   Most mining entities are paying less then half that.   If NCU defaults, Pala will

[alvarez2]

OH com' on Cash, LOL. That doesn't matter. The stock is only .26 cents...........it's cheap. LOL. Only has to get to .52 for a double, don't you know ?? LOL All that that other stuff doesn't matter. We got a crappy deposit but no political risk. Only risk we got in Nevada is gett'n bit by a rattler. LOL

[Notgnu]

Nope... no wash-out factstango. Worst case a little more debt to equity conversion... we all know that. At 3000 tpd @ 2% copper cash is very soon. Tired of doing the work for Ivan's-ho's. Workit out yourself... back 3 squares... do not collect $200.00 N

[cashtango00]

Its not a worse case scenero. its a reality called dilution.  Work this out yourself, why are they paying 15% on debt?  You think thats normal?  A little more debt to equity LOL its 26m @ 15% and thats just the tip of the debt iceberg.  Most of the debt  will convert and they need lots more money because the well is getting dry again.  Clearly you haven't been

[Notgnu]

Pffft...Wrong bashbongo... time will tell.

[Notgnu]

But this time you get one banana for your efforts... good boy... now swing back to da Congo and Bashbongo. N

[cashtango00]

No really, explain to me why they have to pay 15% on  26m in debt to their largest shareholder?   Most companies pay way less.  IVN is paying 2.5%.  you want to post all over the net comparing , lets compare.  Why does NCU have a Going concern clause on its financials?  Notgnu, you' re a fraud and have no idea what you are talking about, The sad thing is

[alvarez2]

Hopefully some of this sinks in to a few, like the guy that just mentioned that all his cash ( about $30 G's ) is tied up into this. I can't see what Knumb nuts is posting anymore since I've got him blocked last week, but hopefully some of these people are getting him figured out.

[Notgnu]

It's a typical mezzanine loan. 15 % on 26 milliom equals about $4 million a year which is about $350,000 a month. End of the month is cash-flow (not revenue...cash- tango -flow) of over $7 million per month. How will $350K break the bank long run... cost of doing business Fkck Faec. N

[Notgnu]

Craptango ...e ven if they run 1/2 diluted ore they are still going to be cash-flowing over $3.5 million a month very soon... Back to school.  N

[Notgnu]

Furthermore dipshizt ... calling me a fraud is starting to cross into slander... Go ahead and disagree and call me names if you want but do not venture into slander. Yes, that is a threat. N

[alvarez2]

There you go again...............our beloved NCU with inconvenient facts. You're so cruel. LOL

[Arbourmark]

  you obviously know nothing about construction financing, 15% is standard. I own 500,000 sq ft of commercial space in Waterloo and have developed numerous properties over the years and 15% is the norm. Where did all these bashers come from all of sudden, they obviously have nothing positive to say, don't own any shares based on their comments why would they. Do they have an some

[realcdn]

Where did all these bashers come from all of sudden, they obviously have nothing positive to say, don't own any shares based on their comments why would they. Do they have an some other reason to post on a board they have no investment in.   You can thank your resident pump man/troll Notgnu! Lol. He's all over other copper stock boards soft bashing and asking us to educate him or

[Notgnu]

Really not true at all. I went to the IVN board to ask two basic questions. I stated that I was trying to do fair comparisons so I asked for opinions on IVN relative project valuation and relative country risk vs USA... I did not state any I asked. Ivan cult followers took it as something it was not... I cannot control the way cult follwers react. Furthermore... what other boards Plus I do not

[Fishbillion]

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[patchh]

baad robot!

[patchh]

oblivion...  thats a real possibility if NCI tries that OP Fab as a Solo.. if they briong in a solid strageic investor or group; the hyeane lorking in the hedge may hav to sit out in the cold growling

[cashtango00]

I don't know anything about commercial construction, but I know plenty of mine finance and construction and 15 % is literally insane so educate yourself.  They have to pay 15% because their balance sheet is that bad.  Pala has stepped in to save them and protect their asset, but they are taking a ton of flesh and they will dilute like nuts to recover their finacial hits.  What

[Notgnu]

WTF you cry baby... I haven't done any trashing... just comparing based on the information as I get it form Ivan-Beliebers. N

[Arbourmark]

Lets do a little credibility test. My real name is my handle, my partner is Michael Wekerle, look us up. We have 150M in commercial tech space and he is also very experienced in the capital markets. Construction financing has absolutely nothing to do with the industry, lender is financing the construction of a building, mine etc.  You hide behind your fictitious handle, if you do mine

[patchh]

Dummy ~  ! Vlad owns that mine...  15% is simple terms on a bridge loan - he probably went to a bank and bowwored it under his credit facility Rehh: ! the storks are still venture cappX  & as siuch U hav Zilch - shareholder protection..  includes taking thatmine private... and thats a real possiblity

[Fishbillion]

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[Notgnu]

At this point it is peanuts... Ivan-monkeys may be interested in the peanuts... and yes, as I have stated a zillion times this mine would fail at $2.50 copper and Ivanhope would still do okay.  At over $4.00 copper all the bad luck and or sins (if you see it that way) will be washed away in a flood of cash. N

[cashtango00]

It's not peanuts at all. It shows they they are desperate to pay those rates.  It's like low income people that cash advance their pay checks at those sleezy Money Marts.  Apparently there isn't a large number of financiers thinking the prospects are all that great.  Maybe they don't lend to companies that have going concern clauses attached to their financials. You

[Notgnu]

Everyone is free to model the company as they see fit and I am happy to look at it and see where i have gone so horribly wrong... The fact is no one but me has bothered to model this tire fire. Yes we were burning through Bridgeloan Tires but we a re about to start cooking with GoodYear Tires. Time will tell and in the meantime I buy all I can... balzz to da wallzz Notgnu

[patchh]

NG -- sit tite..  ! there are several items fueling this radiator or NCI location... there will B some news on all fronts going into 2021/jan.. an kno !  the big guys will not come running into this distrik w guns@blazin ! the NDEP will have full control of this distrik - my guess by the end of june.. i.e.  NDEP will hav full Interm Status to implement and modify permits AS THE

[Arbourmark]

Still waiting for a reply to my last post to you about your credibility! Let's place all the cards on the table!  

[patchh]

i am calling in reinforcements ! Patch my cat who wears a cat hat - who wants to drive a catepillat... get Ur assed in here.. this is simply too rich;; 

[Arbourmark]

And so have I refer to last post, I suspect you don't move in my circles.  

[Fishbillion]

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[Arbourmark]

  Well he is wrong and so are you, 15%  is not unusual. If he is right then why would you invest in NCU?? Public company has absolutely nothing to do with anything and only demonstrates your ignorance. Construction financing is a pretty common lending facility. Public company suggest they could raise funds in the public markets. I proved my point with the last poster, not looking for

[Fishbillion]

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[Arbourmark]

Yes there actually is, it's called calling people out and demanding they provide credibility to support their false claims. I don't need to drop names or pound my chest, simply calling a person out who refuses to support their claims. It appears my comments offend you better yet maybe intimidate you. That was not my intention, it was you who stated public companies would never pay 15%, yet

[Fishbillion]

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[Arbourmark]

So why don't you provide support that 15% or 10% or 5% is excessive. Please do as I know you can't, you simply rant and deflect. I will add you to the list of other useless posters. I suggest you find another mountain of white powder and loose women you so eagerly promote.

[Fishbillion]

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[Arbourmark]

No that's my job but once again you like several others provided zero evidence that 5%, 10% or 15% is excessive you simply provided a useless opinion. Your true colours came out, you support IVN posters and shorts. You benefit from misinformation and unsupported facts or should I say fiction. I knew you were invested short term but only realized it was for the downside. I thank you for that

[Fishbillion]

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[alvarez2]

My lord...........have you ever listened to your self ? 

[lumpy13]

Fish:   Let's get some things straight. 1. Is LIBOR + 9% high?  Yes. 2. But, I have seen worse for other mining projects on the cusp of production.   3. Where did you come up with 15%?  Normal mining finance is 6 month LIBOR plus a spread.  The current six month LIBOR is 0.2% so the all in cost is 9.2%.  A bit less than 15%, to put it mildly. 4. Operational

[Fishbillion]

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[lumpy13]

Fish: Apologies!  That was sloppy on my part. I should have directed my response to Cashtango, who - either through ignorance or intentionally - is trying to use 15% for the liquidity loan from Pala.   I would assume that as NCU starts generating cash, this loan will be one of the first to be paid off.

[patchh]

thats cool !  here is the thing !  don't confuze it w unhinged ! NCU established a credit facility last Jan w Scotia Bank...  loosley read..  the terms are draw as needed in 30M$ increments lot a readers here..  but scotia borrows @ a lower rate and sells the bridge.. he's the money banker...  so the mine is very very far from broke.. Payla or Vlad owns !

[patchh]

u FOS & that bridge is built w nails

[patchh]

its 12- 2- 18% US..  residential perm in the us is closer to 18 before conversion.. and yes - they B foaming @ the mouth looking for a rabbid mouse -2- roar ! simply a pak of most active lurkers