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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 > Iorich Wins Again

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Post by RoyKerr on Jun 10, 2024 6:28am

Iorich Wins Again

ever danced with the devil in the moonlight?

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Comment by RoyKerr on Jun 10, 2024 6:30am

prediction: mine will be cash flow positive in a quater or two, and will be private.

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Comment by mckayk3 on Jun 10, 2024 9:34am

I was actually expecting more dilution instead

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Comment by nofluff on Jun 10, 2024 10:25am

Ya mac. I was totally expecting a change of control. There have been a few done this year. But at firesale prices. So this special provision seams perfect. I am guessing, the lender will add directors. So it is a change of control in a sense. They have requested 20 million immediately to do the restructure. So I am guessing they will build the slurry piping to ne deposit and complete ...more

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Comment by cnynman on Jun 10, 2024 11:04am

Fluff, I think you are delusional. The $20M is to pay salaries, expenses and benefits, most of them already incurred, and take steps to 'secure the asset'. This very likely means winding down so that equipment is not damaged or destroyed. There will almost certainly be layoffs, particularly of the contract operations staff, and non essential on-site employees. Upper management will, ...more

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