Nevada Copper Corp NEVDQ

RW - Docket 654 @ 1700hrs

[patchh]

plas decipher this..  bout 20 pages...

[Paramount]

Quite simple sir. They are requesting an extension  from the court date that they were supposed to present a chapter 11 plan. This plan would detail how creditors would be compensated . Their argument is that they cannot produce a plan until the bidding process is complete and the final numbers are known. Nothing sinister here,no lawsuits,no bad men from wherever or cats in a hat.

[KentWilkens]

Paramount, correct, nothing sinister, Juat requesting an extension until all the ducks are in order. While this was filed before end of day on the 6th, it would have been prepared before that so does not reflect the bids recieved until end of day on the 6th. The two are not connected. KW

[nofluff]

It is interesting that creditors are calling for 500 million. They get paid after dip loan, moelis commission and court costs. One of the reasons for needing to see all bids is the varying parameters.  Tf, Germany bank and other lenders r on contract with ncu. Once arrears are caught up, the loans are in place until break fees are paid. Some bids may pay the break fees. Others may just pay

[TomsStockHut]

...the 500 already include the unsecured loans from Pala, Mercuri, Tripleflag...

[JoeStockIQ]

More logically stated is thus: When the final sale price is announced in the range around $550M, common shareholders get nothing. The days of dreaming are quickly coming to an end. Sorry but that is the most realistic scenario.