Bullboard - Stock Discussion Forum Nevada Copper Corp NEVDQ

Metals & Mining Copper

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

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Nevada Copper Corp > "The Company requires additional financing

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Post by bogfit on Feb 08, 2024 8:18am

"The Company requires additional financing

in order to complete the ramp-up of the Underground Mine."

End of story.

b.

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Comment by cnynman on Feb 08, 2024 8:40am

But this says even more: There is no assurance that additional financing will be obtained in a sufficient amount, or at all. In the absence of securing sufficient funding from Pala or other third parties, the Company will not be able to continue carrying on business.

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Comment by bogfit on Feb 08, 2024 8:50am

How willing investors might be in a global slowdown in China to invest in a copper startup is questionable, and will be reflected in the cost of any additional financing. b.

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Comment by cnynman on Feb 08, 2024 9:14am

I think the most unsettling news for stock holders in that PR may be: except such debt is unsecured and not guaranteed by the Company’s subsidiaries and the interest rate on the debt is SOFR + 10% and it matures in December 2024. Pala is not some 'benevolent auntie'. Their continued investment is strategic to their long term interests. Those interests likely don't align with ...more

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Nevada Copper Corp