Nevada Copper Corp NEVDQ

Shareholders

[Dudtycat]

What will happen with the shares of ncu shareholders now that company is bankrupt?

[KentWilkens]

The company is not bankrupt. They filed chapter 11 to facilitate the sale of the company, which is now in process. If the sale price is at or below the debts, our shares will be 0. If above debts and costs, we will get a share of the excess. So, expect between 0 and $5 per share.. Kw

[cnynman]

Good summation.  Have you or anyone here seen a listing of the 'debts'?  Do we know how much $ is to paid to creditors, legal fees, etc before any distribution to share holders?  I assume the $60M DIP must also be repaid  from sale proceeds. Remember there are approx 1.43 billion shares outstanding. So by whatever the final sale amount exceeds all debts (if the sale

[Paramount]

What people must realize is that they were working on a deal prior to chapter 11 but ran out of money.The chapter 11 allows for a more orderly process. Final deal remains to be seen ,but they were working on a transaction. 

[cnynman]

Yes, they were working on attracting more funding, as they have done repeatedly for the past several years.   They got huge sums from Pala, and others, and kept going back for more.  Eventually PALA and everyone else had a hard look and realized that there was no end to the 'money sink'.  So no further 'transaction' was available to NC. The question which

[KentWilkens]

Good questions, observations. I would agree tge underground deposit is still in question, but the surface mine, full permitted, no where near the difficulties. Debts, sale expenses i expect to hit 500m. Bids at that or less will net us zero. North of that depends on the bidding.

[Dragonflyinvest]

"...how much interest globally there exist for a marginal deposit. Remember, this has never shown a profit, or robust production."   We must be clear; the deposit is hardly marginal.  What has been marginal is the management and financial resources made available.  Remember that the OP was shelved due to Pala's inexperience and lack of resources. How can one expect

[cnynman]

I think the 'robustness' or the 'frailty' of the deposit will be reflected in the level of interest and size of bids after interested parties examine the data and financials. I won't defend the management. I have long thought that poor management was to blame for many of the shortcomings there at PH. But they did have ample funding to advance the UG and process plant for many

[Dragonflyinvest]

"Can you blame poor management for all of that?"   Oh no, it's not the people in charge who are at fault, it's the ore body itself which hasn't been mined yet.  That makes a lot of sense.  LOL     “they did have ample funding to advance the UG and process plant for many years.”   I and several senior people at the mine would love to see the

[cnynman]

Dike crossings, bad ground, water in quantities and locations which were apparently unexpected. The 'senior people' at the mine should have done a much better job of preparation, and most of these costly oversights could have been avoided. The 'ore body' has not been mined primarily because it is unprofitable in it's current condition with current technologies. Hundreds of

[patchh]

good betting money has it as sanctioned..  lots of time an materials - no skiled workforce in site; employee retention.  the village has the hioghest bad numbers in the state.. they did a pretty good job - shoud get a fair offer. as to who owns NCI is it NCI or is it Lion owns everytihng and is stigaaset as a DBA NCU..  the se hearings are closed abd behing firewalls p require a

[Dragonflyinvest]

 All you post is more unsubstantiated assumption, gripes and criticism, and totally ignore the requested accounting to provide a sliver of proof for the wild claims you repeatedly make.   I won’t say you are simply mistaken because the comments you have made are not only false but in my opinion are intentionally misleading.   Repost:   "I and several senior people at the

[cnynman]

We'll see what the bids are.  That will tell all of us if this is a viable property. Short of that, everything is opinion and conjecture, much of it with an intentional bias.

[Dragonflyinvest]

"That will tell all of us if this is a viable property. Short of that, everything is opinion and conjecture,"   Personally, I have for 20 years formed my own opinion after due diligence, reading drill reports/ bankable feasibility studies, and applying an elemental working knowledge of geology gained at the MacKay School of Mines.  You may need someone else to tell you what a

[cnynman]

Personally, I have for 20 years formed my own opinion after due diligence, reading drill reports/ bankable feasibility studies, and applying an elemental working knowledge of geology gained at the MacKay School of Mines.  You may need someone else to tell you what a project is worth.  I don't. So are you making a bid on the property based on your own 'due diligence'. 

[Dragonflyinvest]

“So are you making a bid on the property based on your own 'due diligence'.”   No. “Did your due diligence study over the last 20 years tell you to buy stock in this?”   No.  It was my rule to never invest in one-trick pony startups.  However my DD did indicate that property values in the region would skyrocket when the mine went into production.    “I wouldn

[rickwayne1982]

Hi, There were 2 bidders prior to petition for a change of control or more funding (according to court documents). So there is definitely interest but it appears there is even more interest in acquiring 100% of them without co-investing with current owners... Look at docket 369 from Zul Jamal... 27 interested parties (not including the 2 bidders before petition for relief).