Nevada Copper Corp NEVDQ

Anyone Paying Attention?

[Rational47]

Meantime while all of you are engaged in bickering with each other over trite content, did anyone happend to notice that Pala is exercising 350,000,000 warrants for $82 million in debt relief.  Warrants were set in expire in 2026.  By acquiring these shares, Pala will own a 62% stake in Nevada Copper.

What's the rush do you suppose?

[nofluff]

could u post a link 47. I hope this is not months old news. Pala does have more warrants after last pp. I think they were at 0.34.  Need 2 b accurate with evidence 4 credibility. nf

[nofluff]

The math would suggest this is months old news. I do not think they were warrants, but options to convert at market price. It appears that he did not catch the bottom, but close. That is kind of my memory.  nf

[JayGriff]

Hi Rational47, been trying to figure this out as well. My theory is that Pala setup the October 2022 restart financing package in such a way that they can support Nevada Copper through ramp up while reducing their average price per share which sat at around 2.48 CAD / share before financing was complete. Before Pala exercised 350,000,000 warrants June 26, 2023, they held 468,798,163 shares at a

[westcoast1000]

Thanks very much to Jay Griff for the summary of the share price for Pala at this point. When I started investing here they were in at about $5 per share IIRC. If they are in at .68 a share after exercizing all warrants, then a sale of the company would have to be at a price that provides them a return. 

[patchh]

thats just it !  the NCI Storks hav converted to a private Script..  Vlad can hav a few stoks printed up with his pik on the front and coupons on the lower half ot the stork..  cut off the fractional portion - take then to the local bank and cash them in..  --> the old way.... same thing - stork w warrant..  thats why its illegal to own and convert canadian warrants in

[patchh]

JG...ARCO across the street (anaconda) has a BLM Land Swap in the works w the local tribes..  that swap and final liquidation -restart of the amaconda; is tied to that law suit up @ Thacker Pass w LAC. thacker - lac is going to need a sulfur source for the lithium mill up there..  its a closed exothermik plant over 1200 Deg C where the sulfuric acid production in one step from the

[quinlash]

Yes, a few of us caught that but I would bet most don't understand warrants or what a strike price is. GL 2 U

[mckayk3]

Isn't there usually a press release for these transactions?

[mckayk3]

Isn't this the same warrants? https://stockhouse.com/news/press-releases/2023/05/12/pala-investments-to-acquire-units-and-common-shares-of-nevada-copper-corp

[JayGriff]

Hi Mckay, Below is the press release about the exercise of 350M warrants. It was from Pala Investments (not Nevada Copper). Alot of people didn't see this. https://www.newswire.ca/news-releases/pala-investments-exercises-warrants-of-nevada-copper-corp--807940888.html

[patchh]

JG..  in 2016 Ca changed the reporting requirements for mine principals..  in the 2016 SEDAR thier is approximately 350M Shares that were issued to Payla,,,  I think Lion Iron Ore in Vanco rec these..  its still on the board up there in vanco and is owned by Payla.. Lion also maintains an office in Yearington - next to the state farm ins co... a couple months bak - i rec a

[JayGriff]

Thanks Patchh, To confirm, you do not own or have never owned any of the stock in Lion Copper and Gold (TSX-V: LEO), but you received a voters proxy?

[patchh]

Lion COpper in a Wash State opperation/Private Owner.. i voted a proxy 4 lion... Lion Iron Ore is canadian and is/was owned by vlad...  and yes..  weird..  LEO is over in the vallyey.. Lion Iron Ore - merged ?  now Lion One.. ??? take sa peek @ the 2016 NCI Sedar... Payla is an investment company...  many of their holdings are not transparent..  U will really

[JayGriff]

Hi Patchh, I think the company you are refering to is Lion Copper and Cold (they are based in Yerrington Nevada). Lion One Metals Limited engages in the acquisition, exploration, and evaluation of mineral resources in Fiji. The company’s principal property is the 100% owned Tuvatu Gold project, which comprise four special prospecting licenses covering an area of approximately 13,619 hectares

[patchh]

this is confusing...   LEO or QTA Quanteras (formerly) has a market capp of 22Million..  its a puzzle,,, Rio Tinto, Lion Copper and Gold sign earn-in deal on Nevada copper assets.. there are 35K acres in macarthur alone @ yet..  QTA has been drilling to the tune of 30+Million bak in 2020 ~~ Lion One is ??  Lion Iron Ore was a Payla registry N 2016..  I hav not

[nofluff]

Yes 3. I believe palla converted debt for shares at the market. I beleive they may exorsized warrants at 0.24 at the same time to add cash to bank. nf