Nevada Copper Corp NEVDQ

what is the implication of all this concern about finance

[westcoast1000]

It is clear NCU needed cash to continue to operate underground, It is clear they improved their balanace sheet markedly with the latest share offering. Maybe they will need more cash in 6 months or so if they cannot get cash flow going from the mine. All is obvious.

patchh and others are raising wild scenarios about impaired assets and bankrupting the company, presumabily so that Pala can take over the company and bleed everyone of their shares at a few pennies per share. There is no other end game that would provide any benefit to Pala. Instead of essentially bankrupting the company, they are buying more shares. 

Clearly they avoided putting up their own $41 million to achieve the kfw financing restructuring. Instead of their money it came from the market. That hurt us all, and allowed them to lower their share price markedly. But their share price is still likely above $2 a share and you can buy shares today for .735. It also allowed the mine to continue to develop, work out the kinks and produce copper. 

Here is a very important point. A take private move under BC securities law requires a at least a majority vote of the minority shareholders in every share class to approve such a change. It might require a 2/3 vote but I cannot find the documentation right now.

[patchh]

assets and bankrupting the company..  Mines do not go Bankrupt in Nevada..  they are simply sold Private thanks !  that takes the morass of a scary private scenario off the burner... and yes I am raising holy waer spilled into the lake - everywhere / do i look 4 more ? the mine has a IFS valuation of 850M$ U said - he said..  please do not fire up the rak N coal bed

[westcoast1000]

patchh, I am no accountant. I cannot tell you what an impaired asset means in accounting terms. My guess is it means they are not depreciating it yet, and it is not running yet, so they treat it as different than other assets. To me it does not signal some scam. Maybe it does for you. The time frame is likely arbitrary. If they started to produce copper in coming months it would no longer be

[realcdn]

An imparied asset infers an asset that has lost value. For example, if an asset that cost a company $100 was later determined to be worth only $10, then the accountants would book an impairment charge of $90. It's similiar to depreciation and is effectively an accellation of depreciation if it is determined that market value of said asset has decreased significantly. This results in an

[patchh]

thank U ! """""An imparied asset infers an asset that has lost value. For example, if an asset that cost a company $100 was later determined to be worth only $10, then the accountants would book an impairment charge of $90. It's similiar to depreciation and is effectively an accellation of depreciation if it is determined that market value of said asset has decreased

[emma1500]

Patch, $828m is the value of the asset. There are no impairments. See below from IFS in November. During the period, the Company performed an impairment analysis to test the recoverable amount of the Project due to the significant drop of the Company’s market capitalization at September 30, 2021 relative to net assets in addition to other factors described in Note 1. The impairment analysis

[patchh]

they hav to generate and audit..  that was simply a internal assesment.. the Impared Asset is for 828M$ read realcd... the audit will B based by a third party - conducted to satisfy investors and probably KiWi.. for 2021 NCI will file the mine for the entire amount of 828M$ now here is the problem... them way i read this..''U don't summ up totals for cost of the mine in some

[emma1500]

I know it's not audited. Lol 832m impaired. Why is it in the asset then. You are so clueless it is unreal. Now you are in my ignore list. Life is too short to be wasting with people like you  ps: are you willing to make a sizeable bet with me on your impairment?

[Fishbillion]

This post has been removed in accordance with Community Policy

[emma1500]

Not sure who enema is. Me? Ok lol. You like polls. Who thinks fish has school tomorrow?

[patchh]

the 850 Million Dollars is the total NCI capitol expenditure for mine consruction/opps-date.. anything that confounded w Code 19 and Noah parking his ark ,in the shaft below the aquifer..  will simply B atteched  to the total capp X of the cost impacting the mine..  its stated as an imparemnt in Cash Generating UNits..  soo slo down here a little..  every word here has

[emma1500]

Bla bla bla pure garbage in fantasy world of patch. Patch are you one of those guys that think covid doesn't exist?

[patchh]

probaby not !  was @ ground zero/trenches

[patchh]

well @ least we kno they did a recon/unaudited (3rd paryt) kinda forgot the IRS Rules w2 - 3 yrs 1099 - 7 years commercial and LLP's fall under sole prop or 1099 w a 3 on five... Industrial - 11 years ( perpetual)  ?? thanks for the push...  its Impared declared on CGU