Nevada Copper Corp NEVDQ

Giving the farm away?

[mrmomo]

Well, as expected, to completely avoid BK & for all those involved who either financed/bankrolled the company thoughout all these years or those who were affected indirectly in some material way, for all these folks not to lose their shirts, all came together to provide a much needed cash infusion across the board. So now bankurptcy has been avoided, but at what cost for the company and it's equity holders? For this, we must take a deep look at this complex "arrangement" as the devil is in the details.

Right off the bat, there will be anywhere from a 30%-40% equity dilution in the short term. The implications for this for equirty holders of the stock in the longer term are far reaching and maybe very significant. The remainder of the deal is very convoluted & complex and i really have no interest or wish to enage in, especially when i'm not a shareholder. So it's up to you guys to see what has been agreed to by all parties and what the company gave up to survive. One thing is certain though, if copper prices don't go back at least close to $4,50 or $5, i don't see how Nevada Copper avoids another consolidation of share capital next year. As share count will be at 3/4 of a billion once again.....in the next 12 to 18 months.

The short version here, though Bk has been avoided, the company paid a very hefty price and may pay a fatal one if copper prices don't recover to more "viable" levels and/or if mgmt cannot "iron out" their operational challenges to stop the hemorrahging. But God save the Queen & i wish anyone who decides to remain invested in this some much needed luck.......you will defintely need it!

GLTA

[metalhead666]

Rest assured there will be no upward move in copper as the entire planet goes into a deep recession/depression.  The FED guaranteed it today. GTFO if you're still in this krap

[patchh]

there U goo -- running a vacume N a paper sack....  ignore...