Nevada Copper Corp NEVDQ

HELP - ASSISTANCE NEEDED!

[rockhound3]

Yesterday I stated that one has to take things slowly with respect to THE FINANCIAL STATEMENTS!

Yesterday I commented on the strength of the Balance Sheet!

Today I am looking at what I would call the "Income statement ". Thus the first item noted is the name 
CONDENSED CONSOLIDATED INTERIM STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME(LOSS)

Now when I printed this document page #1 is the Balance Sheet and page #2 starts with the heading noted above with NO INCOME   Only EXPENSES ?and thus my first question =WHAT HAPPENED TO THE INCOME?

The 2nd question is how do we get INCOME   of  $28.102 million?

The biggest item is something called
"DERIVATIVE FAIR VALUE GAIN" of $ 27.258 million with reference to note 9 .

Now when we look at the line"Derivative fair value gain (loss)= one sees the #'s 
-27258, ( 5568), 26,598, (4763) 

When we go to note 9 the only #'s are $5459 , 405, and 5054

Now it might be my advancing age or that when I learned basic accounting it dealt primarily with hard facts ie cash etc = thus I am suspicious & confused with the NET INCOME & COMPREHENSIVE INCOME OF $ 28.102million!?

Hopefully a poster can easily explain what has happened?!?

Or possibly the 3 amigos in ZUG can give the same explanation to us as they gave to Vlad!

Rock

ps do they have generally accepted accounting provisions in Russia?

[emma1500]

Gimmicks, think of it as Tesla carbon credit which is not real money but provision. This is accounting nonsense around warrant value. Not true income. Not even cash. Anyway, to be disregarded

[westcoast1000]

patchh. Your comments about the taxable value of the Jan warrants reflect what is in the financial summary, but you are confusing some people including me.  Today, it seems likely the share price will not exceed 2.00 by the end of January, 2022 , and so the warrants will then expire worthless, but it is not impossible the share price will exceed 2.00. The company made accounting moves

[Notgnu]

Agreed West. The warrants are simply speculator chips at this point. I re-upped my common share position and am on the bid for a few loonie-tunes worth of warrants.  Have a great weekend. N.

[patchh]

this is fine...  i brought in aat a buk and got scrued five minutes befor TSX halted trading..  i was jazzed for a possible round trip that didn't involve flying from NYC to LA then and or /// but do we REALLY want to see  new structured instrumet loaded w taxing implications..  not only do we hav a snake eater generating swaps for break fast..  this bunch can suk

[alvarez2]

You are really full of it, or really dumb. Not sure which ??

[emma1500]

Alvarez, why do you need to make it personal. Is that entertaining to you? Be respectful

[alvarez2]

Not really......unfortunately his endless, baseless pumping of this incompetent company has likely cost many unsuspecting newbies alot of money......unfortunately. Wouldn't even be surprised he could be an anonymous member of the organization. Feel bad for those being sucked in actually.

[bogfit]

"his endless, baseless pumping of this incompetent company has likely cost many unsuspecting newbies"   I have maintained for 8 years and been thoroughly thrashed for posting that Nevada Copper is NOT for the newbie or faint of heart.  What part of a non-performing, one-trick pony show don’t people understand?  Hard rock exploration and development to me is more an

[alvarez2]

They consolidate the shares with a reverse split of 10 to 1.........for every 1000 shares you had, now you've got 100 but your sp is 10 times higher. Now they turn around and play the game of raising more capitol by issuing more shares and share dilution game starts all over again. You end up with 90% less shares and a stock price where it was at pre-consolidation and stock price......about

[Fishbillion]

This post has been removed in accordance with Community Policy

[nofluff]

U might not be a good bussiness man alf. But u sure r funny:)) nf

[patchh]

go to page of the 2021 Ann Finny Statement... the warrants were written off as a composite loss - abd booked 400K..  the loss is taken at 5,0 M$ above that the share exercise - now 3.0M are declared at 2.0$..  these hav been re-deravatized and add as a loss of around70M$,,    both the warrants/stok are projected not to exercise the face value w warrants is 35M$ and will

[patchh]

page 19....

[patchh]

When we go to note 9 the only #'s are $5459 , 405, and 5054 thee are in the thousands..  that 5459 is actually 5,459,000 or million w rounding @ the thousandth.. 5.0M was teh declared loss on the warrants - now taxed at a loss of 0.01Cad,, there were initiall issued - for jan - based on the Canadian Treasury Zero Coupon Bonds.. for taxing they were treated as Long Call Options..