Nevada Copper Corp NEVDQ

What we know

[nofluff]

1.  Ncu has filed for 60 million dip loan.

2. Elliot fund through TF stream is already heavily invested.

3. They control 66 billion in assets.

4. They like to invest a minimum of 1 billion in an individual corp.

5. They have offered 60 million for getting mine to nameplate quickly.

6. They will advance 20 million to keep employees on the job working, even before the final paperwork is done.

7. Dip financers go to the front of lien holders.

8. Dip financiers are almost always friends of the corp and although not in absolute control, usually have a game plan that stakeholders aprove of.

9 There is court supervision, which is mostly a rubber stamp if stakeholders are cooperating.

10. We are waiting for the court to approve request as filed.

11. 60 million is more than enough to get to nameplate.

12. Most feel that much higher copper is coming.

Nf

[Stb888]

Dear Nf,   You mention that "They have offered 60 million for getting mine to nameplate quickly".   If you look at page 360 of the following document you will see a 1-page summary of the 13-week DIP budget.  I don't see much in terms of getting the mine to nameplate in this budget.  Seems just enough to keep the mine afloat until someone decides to buy it.

[nofluff]

What I know. There is 60 million available for mine.  They are keeping workforce on. There goal is to come out of chpt 11. To sell, they have to create value. 60 million does way more than name plate. Or they bring in more money than they spend. 13 weeks is very short time, but about right to get to nameplate. Nf

[KentWilkens]

Due dilligence Thanks Stb888 for that link. So, looking at the document, a few things stand out. 1/ There are clauses that kick in which will basically terminate shareholders equity, referred to as "change of control". That has not occured, and will not if things proceed as planned. 2/ The releases from the company, and the page 360 from the report indicate operations are shut

[nofluff]

So that would mean pala could lose all. But there are hundreds of pages of probisios missing. It goes back to 60 million bringing it out of 11.    Nf

[cnynman]

If you've ever followed a bankruptcy through all its permeations and pain, you'd recognize what a ridculous comment you made with ' 60 million bringing it out of 11'. But go for it Fluff.  By August, when all the layoffs are complete, you'll surely have your 10 bags!

[patchh]

Caymans - pls start o page 361.  i read the document - there is no imparements on materials or defects - bout page 200.. just bear with...  i am not an attorney - code cypher - decode would B helpfull. last big paydown is around July..  elliott will B heating up a hot branding rod for his rear -if- this is not sold..  at 6M$ buks form the beagels..  it won;t last long..

[patchh]

Triple Flag also received 1,459,208 Common Share ::-> Shares issued under the A&R Credit Facility will be issued at the market price of the Common Shares at the time of the issuance. Voluntary prepayments by the Company under the A&R Credit Facility are subject to a prepayment premium, which also applies in the case of a change of control in respect of the Company. This prepayment fee

[mckayk3]

Any dilution?

[patchh]

bak in 22,,,  around page 30 to 40...  U need a road map to keep up w warrants - private placements - open market buys..  in the middle of this solway gifted 30M shares. somewhere it rolled to mecuria. missing in the middle is 50M shares last winter - who what where when ?  one of the bloggers picke it off and posted the movements...   i thought it was to hudbay who

[nofluff]

Sometimes, on dip, there is a firesale dilution. Does not appear to b the case here. Nf

[patchh]

PLEASE go Read that Cpt Docket...  NCI Wasw Diluted.  10:1  aroud page 30 - rite after the bath in warrants - period...

[patchh]

good question on Trip Fg as diluten then...  You will hav to dig in that section - try around page 30

[cnynman]

Not so fast with 'what we know', Fluff.  5. They have offered 60 million for getting mine to nameplate quickly.   No, actually, what the bankruptcy statement said was that 'Through the restructuring process, the Company does not expect to continue operations' And as for your 'knowing' that 6. They will advance 20 million to keep employees on the job

[patchh]

the table is on PAGE 361-362 attorneys abut 6m$ PRINT THE PAGE 361-362 - ROTATE there are no fees for mineing  - payroll end in Aug Bonding Insurance is paid to end of July - abut 1M$ USD no concentrate delivery fees ernst and young as the AX men if its not closed - looking at the burn chart for the courts is sumertime in juky