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Bullboard - Stock Discussion Forum Nevada Copper Corp NEVDQ

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

GREY:NEVDQ - Post Discussion

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Post by slewfoot2 on Jun 11, 2024 10:12am

so

KW, u bean in a few of these lol... slow learner eh?

here is the thing, if they were close to reaching production and close to solving water and geotech issues they could have easily obtained some moar funding  either by pala, or a private placement.... no tea leaves just common cents....

the DIP financer now has top priority... meye guess is the dip is somehow connected to pala.... remember kfw had top priority before  , and pala debt is mostly ( all?) unsecured.... 

but kent  I agree commons will get zero....
Comment by KentWilkens on Jun 11, 2024 6:35pm
Yep slow learning, but like longshots. So doing longshots you might do really well, but losing all a definite possibility.  Other longshots or mediocre deposits i have done very well with. Sone looked way worse than ncu. Anyone that thinks that 0 for shareholders isnt a significant possibility is just deluded. KW 
Comment by nofluff on Jun 11, 2024 6:52pm
Well. Call me deluded kw. Of course, anything is possible. I doubt the major sh of Pala and friends r very interested in fleecing the tiny ma and pop group. They appear to have given  control to Elliot and triple flag. Things could b, just as the math indicates. Nf
Comment by mckayk3 on Jun 11, 2024 6:57pm
I agree that fleecing retailers is pretty insignificant here. We're a tiny tiny fraction of the picture.  The main players are arguing on capital structure. Chp 11 just provides everyone a fair process.
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