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Bullboard - Stock Discussion Forum Nevada Copper Corp NEVDQ

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... see more

GREY:NEVDQ - Post Discussion

Nevada Copper Corp > Pala's cost basis UPDATE >>> mistake corrected >>>
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Post by Notgnu on Oct 09, 2021 1:30pm

Pala's cost basis UPDATE >>> mistake corrected >>>

I had a transcription error leaving the total Pala shares about 95 million too low... now this is pretty close

I have tried to find all the Pala purchases, including warrants excercised, share for debt private transactions, financings etc. I have simplified the sheet by removing extraneous info including registered error corrections. The source material is SEDI and a Conscision article. The first set of numbers represents what I could put together about Pala's purchase of Mercator Minerals (shares that were later traded and vended to end up with NCU shares. 


If anyone has more info on the noted estimates I will rework the numbers but it seems that Pala's average for NCU is $0.42 ($4.20 post consolidation) at the lowest case, and more likely $0.49 ($4.90 post consolidation)

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Mercator Minerals

         
20,483,300       Openning balance. Cost not known but the last one million of 20 million were bought at $3.43. I will assume an average price paid of $2.12 which is the average of all 31 million further share purchases
        https://www.newswire.ca/news-releases/pala-invests-in-mercator-minerals-ltd-507233251.html
         
      2011-02-01  
500,000 4.4 2,200,000 20,983,300  
         
      2011-02-02  
2,355,500 4.42 10,411,310 23,338,800  
         
      2011-02-03  
3,750,000 4.65 17,437,500 27,088,800  
         
      2011-02-08  
2,000,000 4.55 9,100,000 29,088,800  
         
      2011-02-09  
2,000,000 4.54 9,080,000 31,088,800  
         
      2011-02-22  
2,650,000 4.29 11,368,500 33,738,800  
         
      2011-03-02  
4,188,700 4.3181 18,188,700 37,927,500  
         
         
4,354,500     42,282,000 Price unknown ??
         
      2011-11-21  
1,143,014 1.75 7,620,375 43,425,014  
         
      2012-04-02  
2,592,800 1.3 3,370,800    
         
      2012-04-02  
3,496,900 1.3 4,454,970 46,921,914  
         
      2012-04-05  
1,018,700 1.24 1,263,188 47,940,614  
         
      2012-04-10  
500,000 1.24 620,000 48,440,614  
         
      2012-04-11  
221,600 1.25 277,000 48,662,214  
         
30,771,714 2.12 65,343,533 2012-10-09 Average price of $2.12 represents SEDI registered transactions only. Adding in the previous (to 10% ownership stake) the total then becomes 51,255,014 shares X $2.12 = $108,660,630
-46,000,000     2,662,214



+++++++++++++++++++++++++++++++++++++++++++++++++++++++++

NCU
  2010-08-25      
5,255,014 2.12 11,140,630 5,399,050 The descrepency of about 110,000 shares is something I cannot work out. The $2.12 is my guestimate Pala's Mercator share purcase price of about 110,000 shares is unknown. $2.12 is the assumed average of Mercator purchases
         
      2010-08-31  
100,000 2.9 290,000 5,499,050  
         
      2010-09-02  
4,100 3.12 12,782 5,503,150  
         
      2010-09-08  
284,000 3.09 877,560 5,787,150  
         
      2010-09-13  
180,700 3.09 558,363 5,967,850  
         
      2010-09-21  
122,300 3.3 403,590 6,090,150  
         
      2010-10-07  
3,060,000 3.75 11,475,000 9,150,150  
         
      2010-10-19  
750,000 3.4 2,550,000 9,900,150  
         
      2010-11-03  
890,000 4.16 3,702,000 10,790,150  
         
      2010-11-16  
5,647,531 4 22,590,000 16,437,681  
         
      2011-06-21  
1,400,000 5.5 7,700,000 17,837,681  
         
      2011-08-02  
5,544,300 5.4 29,399,300 23,381,981  
         
      2012-04-13  
1,500,000 3.8 5,700,000 24,881,981  
         
      2012-07-03  
2,500,000 1.9 4,750,000 27,381,981  
         
      2012-10-09  
7,315,000 13.33 $97,520,000 34,696,981 A trade of 46 million Mercator shares, at an average of $2.12 (my guestimate) for 7.3 million Nevada copper shares was made here.
         
         
         
         
         
         
         
      2013-04-26  
2,099,300 2.4524 5,143,285 36,796,281  
         
      2013-11-12  
3,492,860 1.75 6,112,505 40,289,141  
         
      2017-05-23  
3,712,121 0.66 24,450,000 44,001,262  
         
      2018-01-19  
95,561,144 0.5 47,780,572 139,563,206  
         
      2018-03-07  
98,450,896 0.5 49,225,488 238,014,102 Guessing at thewarrant excercise price here.
         
      2018-07-09  
3,600,000 0.6 2,160,000 241,614,102  
         
      2019-05-06  
31,435,345 0.4 12,570,138 273,049,447  
         
      2019-12-16  
300,000 0.2925 88,500 273,349,447  
         
      2019-12-17  
200,000 0.2968 59,400 273,549,447  
         
      2019-12-24  
100,000 0.36 36,000 273,649,447  
         
      2019-12-27  
200,000 0.3655 73,000 273,849,447  
         
      2019-12-30  
150,500 0.3672 55,263 273,999,947  
         
         
         
         
      2019-12-31  
299,500 0.3635 108,868 274,299,447  
         
      2020-01-03  
80,000 0.3444 27,552 274,379,447  
         
      2020-04-06  
57,800,000 0.1575 9,103,500 332,179,447 conversion of warrants ?
         
      2020-07-28  
263,452,677 0.15 39,517,901 595,632,124  
         
      2021-01-29  
79,696,970 0.165 13,150,000 675,329,094  
         
      2021-01-29  
7,024,615 0.165 1,159,061 682,353,709  
         
      2021-02-16  
3,560,024 0.1621 577,079 685,913,733  
         
      2021-06-01  
3,866,921 0.2735 1,057,603 689,780,654  
         
      2021-08-06  
6,764,607 0.23 1,555,860 696,545,261  
         
696,400,425   $344,611,576   $0.49 Average per share based on $2.21 Mercator or $0.42 if Mercator average was more like $1.25... not sure.
       
Comment by Notgnu on Oct 09, 2021 1:45pm
Dang -it forgot to put in the new total dollars spent.  It is more like and average of $0.59 ($5.90) or low scenario of $0.50 ($5.00) ==============================================================   2010-08-25       5,255,014 2.12 11,140,630 5,399,050  ...more  
Comment by patchh on Oct 09, 2021 4:03pm
doo a webbie search on Mercator ! i can have a bottle of oxygen shipped @ Ur door -2- keep U off the floor looking for the front office of MC..
Comment by patchh on Oct 09, 2021 4:00pm
soooo  if i am glancing this correctly..  then Vlad flipped Mercator and brought into NCI bak aound 2012.. Mercator was a  VEnture in India (?) w an auto component (?TatTa) and a CEO reach into a Gem Mine down in Mexico... the last time i traded mercator - it was going around 0.00003 a share..  a truly zanny number/drop on noze swabb Tat was going around 10$ - made a few ...more  
Comment by Notgnu on Oct 09, 2021 4:02pm
Yeah... looks like Mercator did a big belly flop later and never got out of the pool after. N