Nevada Copper Corp NEVDQ

NCU future

[Paramount]

I can see PALA taking over this whole show some time down the road.Maybe offering .20-.25 cents for remaining shares.

[metalhead666]

Maybe that's been the plan all along?  Make some progress, orchestrate some set backs, get retail to dump and then swoop in and take the whole thing private?

[Notgnu]

If I remember right it is a lot more ownership than 50% (currently Pala has about 39%) to do that. Looked it up a while back but if they were to try and force a buy out of minority holders I think it was more like 80% otherwise they open the company to competative bids and could end up losing the whole shebang. If anyone is a corporate merger / aquisitions lawyer then please let us know. I

[patchh]

NCI has started that Drain Well ~~ Oct 2019 and/if/or/so !  was this DW required for the Dykes; that was never disclosed..

[Newstock44]

They own most of the warrants so why wouldn't they dilUte the shares that way first. What percent of the warrants have been redeemed when the share went over .30 cents. It looks like their running at 15 percent at the moment but it's now out of 130 percent so it looks promising in the next quarter so IMO hold on for now Do you know of other copper mines that are this close if so let me

[Notgnu]

The warrants likely get exercised. The strike price may even get lowered before they do. Yes, this is possible. The company applies to the regulator and gives a good reason and the regulator says yes or no. My guess is either the share price tracks up and the warrants get excersized at current 20 /22 or, if the share price stay in it's current bargain basement then the warrant strike get's

[metalhead666]

What could possibly be a good reason to rewrite the contracts?

[Notgnu]

As an example NCU could borrow more cash if they need it or they could do a financing at, for example 19 cents and attach some warrants if needed to sell it; or they could lower the strike price on the existing warrants to bring in the $50 or more million from the existing ones. No financing fees etc are needed that way and the dilutition remains close to the existing fully diluted share count

[metalhead666]

How could it possibly be legal to change the terms of the warrants?  Those are contracts

[Notgnu]

Simply fill one of these out: https://www.tsx.com/resource/en/471 N

[patchh]

(c)  Have all Warrant holders consented to the repricing and reduced exercise provision?  Yes  No If no, please explain: somebody will bitczh !

[Notgnu]

why would they?

[patchh]

yes N kno-KNo ! the warrants are american convertibles or ragg-tops..  they can be sold as long call options or warrant Put's.. here in the states you will see thm sometimes listed at Wt Call or Wt Put and are treated as options.. i believe in canada - the wts can be called early -w- TIME premium.. not really contracts - they are equities and regulated by the canadian exchanges.. it

[patchh]

probably looking past june 22 on' a reverse stok split... !

[Notgnu]

To not consolidate is possible but it would put them in breach of loan conditions thus: Approval of the special resolution with respect to the Share Consolidation gives the Company’s board of directors (the “Board”) the authority to implement the Share Consolidation at any time prior to December 31, 2021. Notwithstanding the foregoing, the Board retains the discretion to not proceed with the

[patchh]

they will get pekkered to hell reeversing in dec..  98%  lootNpillage... the Board retains the discretion to not proceed with the Share Consolidation there are no penalties if they don't.. they need to deal w the wts...

[patchh]

good reason to rewrite the contracts  ?? IMHO - 2 save our asszz  ?

[patchh]

smart thing woud B to hav 'ng' Call RIch @ IN(vanho)vestor relations..  B4$ the bed pan wakes up & we get carpet bombed w stuff ! ask him what they possibly do w warrants w damged intrinsic valuations

[Notgnu]

I am 99% sure they can do it but have no idea if they will do it.  If you were Pala / Castle lake and haters were going to bomb your share price... and you cannot buy on the public market... but the company you have 'influence' over can re-price the warrants in line with the bombed share price... and this allows you to buy discounted shares with re-priced warrants that you hold

[patchh]

think of it as a reverse divident...  or share buybak..  spike the shares a little...

[patchh]

the wts hav been an issue - presently they are underwater..  if NCI runs the jans to expiration and then announces an OP w JV Finance.. then its a rip !