Nevada Copper Corp. / NCU, NEVDF (TSX, OTC)

    Autsch, also doch keine so guten Nachrichten.
    Mich wundert es, dass man überhaupt noch eine Kapitalerhöhung braucht, weil es finanziell eigentlich bereits geregelt war. Ab Januar hätte man bereits einen positiven Free Cashflow gehabt und hätte Schulden abtragen können. So wäre man langsam aus dem Schuldenberg herausgewachsen.


    Mit der Kapitalerhöhung geht es schneller. Ich hoffe aber, dass es nicht nur Bequemlichkeit war, sondern dass das Geld auch sinnvoll eingesetzt wird, um die Produktion massiv zu beschleunigen. Eine mögliche Erklärung wäre, dass sie die Open-Pit-Ressource parallel auch noch abbauen wollen.

    Zitat von nie

    Die Frage die ich mir stelle: Zu welchem Kurs?

    Laut der letzten Meldung zu den dann aktuellen Marktpreisen. So ist das doch zu verstehen, oder?


    "Final pricing of the Units, the Warrant exercise price and the determination of the number of Units to be sold pursuant to the Offering will be determined following marketing."



    Positiv daran wäre, dass Pala (die ja aktuell an die 30% halten?) erklärt hat, so viele Shares zu kaufen um nach der KE weiterhin den gleichen prozentualen Anteil zu haben. Und das unabhängig vom dann gültigen Preis.


    "The Company’s largest shareholder, Pala Investments Limited (“Pala”), has committed to purchase, on a private placement basis, an aggregate number of Units to maintain its current shareholding percentage in the Company... "

    https://ceo.ca/@nasdaq/nevada-…-and-pricing-of-overnight


    Nevada Copper Announces Upsize and Pricing of Overnight Marketed Public Offering of Units


    NOT FOR DISSEMINATION IN THE UNITED STATES
    YERINGTON, Nev., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) is pleased to announce that it has upsized its previously announced overnight marketed public offering (the “Offering”) of units (the “Units”) of the Company from C$75 million to approximately C$114 million due to strong demand, including from new and existing institutional investors and mining sector corporates. The upsizing of the Offering will provide the Company with additional funds to advance the ramp-up of its underground mine at its Pumpkin Hollow project (the “Underground Mine”) and to continue exploration and expansion studies at its open pit project at Pumpkin Hollow (the “Open Pit Project”). The Company has entered into an underwriting agreement with a syndicate of underwriters led by Scotiabank, as lead underwriter and sole-bookrunner, and including Jett Capital LLC, RBC Capital Markets, Haywood Securities Inc., and Research Capital Corporation (collectively, the “Underwriters”) for the sale of 148,100,000 Units at a price of C$0.77 per Unit for aggregate gross proceeds of approximately C$114 million. The Company’s largest shareholder, Pala Investments Limited (“Pala”), has committed to purchase, on a private placement basis, an aggregate of 89,331,682 Units to maintain its current shareholding percentage in the Company (the “Private Placement”) after giving effect to both the Offering and the Private Placement, but prior to giving effect to the over-allotment option described below (the “Purchased Units”) at a price of C$0.77 per Purchased Unit.


    ----


    Was für eine Frechheit. Eine brutale Verwässerung und dann werden die neuen Aktien bei einem Kurs von zuletzt 1,01 CAD für 0,77 CAD verschenkt. :wall:

    • Offizieller Beitrag
    Zitat von Wurschtler

    https://ceo.ca/@nasdaq/nevada-…-and-pricing-of-overnight


    Nevada Copper Announces Upsize and Pricing of Overnight Marketed Public Offering of Units
    ----


    Was für eine Frechheit. Eine brutale Verwässerung und dann werden die neuen Aktien bei einem Kurs von zuletzt 1,01 CAD für 0,77 CAD verschenkt. :wall:

    Ja, so ist es. Und die Höhe der Verwässerung ist in diesem Ausmaß extremst.


    Habe mal die Präsentation eigesehen und sah die Verschuldung mit 129 Mio $.


    Auf den neuen Kurs kann man gespannt sein, an dieser neuen Malaise wird NCU lange zu knabben haben.


    Relativ schön für die Insider, Brüskierung der freien Aktionäre. Bin weiter draussen, NCU bleibt als FL weiter auf der Watchlist.


    Grüsse
    Edel


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.

    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann

    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

    Gefällt mir 1

    Ziemlich unverschämt und ernüchternd. Ich frage mich jedoch, wie die 0,77 CAD zu der gestrigen Meldung passen!?


    "Final pricing of the Units, the Warrant exercise price and the determination of the number of Units to be sold pursuant to the Offering will be determined following marketing."


    :/ :thumbdown:

    Naja der Deal war garantiert schon bei der "Rettung" klar ... und zwar zu diesen Marktpreisen ... war doch klar das Pala zumindest an seine Interessen denkt ... ich beobachte hier weiter ... mittelfristig wird man sehen wie sie sich entwickeln ... die Bodenbildung findet statt und man muss schauen was die Märkte draus machen ...

    Hätte ich doch mal besser auf die Warnung vor Randy Buffington gehört. Randy hat bei Hycroft verbrannte Erde hinterlassen, Gleiches macht er gerade mit NCU.


    Warum eine dermaßen hohe Kapitalerhöhung? Was soll der Scheiß?
    Mit einem geringeren Volumen hätten sie sicher auch einen besseren Kurs bekommen. Aber die Altaktionäre waren ihm egal.


    Besonders ärgerlich finde ich, dass am Montag noch mit guten Nachrichten der Kurs hochgepusht wurde, wodurch er die Leute bewusst ins Messer laufen lassen hat. Das ist schon halb kriminell. :wall:

    Sofern man keine Bösartigkeit unterstellt, könnte es aber auch sein, dass das Management einfach mehr Luft haben wollte und dafür bequem auf die Kleinaktionäre scheißt. Man könnte auch (positiv) ableiten, dass das aktuelle Risiko vermutlich bei 0,77 CAD eingepreist sein müsste.


    So oder so: Hier sind hunderte von Millionen CAD investiert worden und die Investoren wollen ihr Geld wieder sehen. Ich vermute daher, dass in der Zukunft bei einer Marktkapitalisierung von >1 Milliarde CAD (bei steigenden Preisen von Kupfer) noch lange nicht Schluss sein wird. Was meint ihr?

    https://money.tmx.com/en/quote…e_on_Operational_Advances

    Underground Mine Operations Highlights

    • Lateral Development Rates Continue to Rise. The Company has advanced approximately 760 lateral equivalent feet in the past 30 days, a 20% increase in average daily footage from the previous 30 days. Lateral development continues on multiple headings, providing access to ore mining zones in the East South orebody and advancing development towards the East North orebody.
    • Sugar Cube to be Blasted Shortly. The high-grade Sugar Cube zone is planned to be drilled in December and mining is expected to commence in early Q1 2022. This will be the first stope mined in the East North orebody, which is expected to have higher quality ground conditions and significantly larger stope sizes.
    • Processing Plant Operating Well. The mill continues to run at design specifications with the grinding, flotation, thickening, and concentrate filtration circuits performing well mechanically. The Company anticipates increased production and recovery rates with the addition of the Sugar Cube zone to the processing plant’s ore feed in Q1 2022.
    • Surface Ventilation Fans on Schedule. The surface ventilation fans are on schedule to arrive on site in approximately 3 weeks with installation and commissioning expected to be completed on time in line with the demands of the mine plan.

    2022 Development Plan Update

    • Open Pit Drilling and Progressing. With additional funding received from the Company’s recent public equity offering, the Company intends to undertake an infill drilling campaign and to update its open pit studies to reflect opportunities for increased scale, larger resource and other optimization workstreams. Further updates on the Company’s 2022 development plan will be released shortly.

    “I am pleased with the operational advances we have achieved this month, as we build on the progress from Q3,” stated Randy Buffington, President and Chief Executive Officer. “Our development rates continue to increase on a weekly basis and will soon provide access to the larger high-grade stopes, which is expected to result in increased ore feed delivered to our fully operational processing plant for a step further in our ramp-up progression.”

    Zitat von nie

    Es wurden weitere Insiderkäufe getätigt.Buffington hat 200.000 Stück und Nutter 100.000 Stück gekauft. Endlich etwas Skin in the Game.

    ... wie schätzt du Nickel 28 Capital ein? A2QQ2H.
    Wenn ich das richtig sehe, steigt da jemand groß ein.


    https://www.finanzen.net/aktien/nickel_28_capital-aktie


    Oder täuscht sich Gordon, der Neuling? :hae:

    "Meiner Meinung nach müsste die Frage lauten: Gibt es intelligentes Leben auf der Erde?" (Gordon Shumway)

    Von Nevada Copper gibt es ein großes Update:
    https://ceo.ca/@nasdaq/nevada-…erational-activity-update
    -----------------------------------
    Nevada Copper Provides Operational Activity Update


    YERINGTON, Nev., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) today provided an operations update and overview of the H2 2021 milestones achieved at its underground mine at the Company’s Pumpkin Hollow Project (the “Underground Mine”).
    The Company has experienced a significant reset and demonstrated significant operational and corporate improvements in H2 2021. These milestones provide a foundation for an accelerating pace of operational ramp-up.
    “I am very pleased with the progress the Company has made in H2 of this year,” stated Randy Buffington, President and Chief Executive Officer. “Our mining rates, a key metric for ramp-up production advancement, have been increasing month over month. We are now seeing the efficiencies generated from the advanced management systems implemented in Q3 of this year. The building blocks are in place for increased mining rates and production as we move into H1 of next year.”
    Operations

    • Equipment availabilities materially improved: 14% improvement from 65% to 74% in total fleet availability since the beginning of Q4, 2021. Additional equipment expected to be added in Q4, 2021.
    • Contractor performance improved: Productivity increased by 31% from 1.75 to 2.29ft per person shift between October and November resulting in substantial improvement in operating efficiency as well as cost reductions.
    • Increased mining development rates: Sequential monthly increases in development rates, a key leading indicator of production ramp-up, delivered since management changes in August 2021. Rates achieved in December are currently 50% higher than August. Commissioning of additional bolters planned to deliver a further 50% increase in development rates in the coming weeks.
    • Consistent mill performance: Milling operations have performed well throughout 2021, with batch processing reaching 4700tpd, recoveries over 90% and concentrate quality performing in-line with design specifications.
    • Dike crossing completion: First crossing of the water bearing dike was completed in August 2021, and the second crossing is anticipated to occur later this year. No further crossings are required during the ramp up to 3ktpd expected in H1, 2022.
    • Ventilation infrastructure in place: All underground ventilation infrastructure was completed in H1 2021. Final addition of surface ventilation fans remains on schedule, with commissioning planned to be completed in January, 2022, with ventilation no longer expected to be a constraint to production rates thereafter.

    Corporate

    • Transformational financing completed:

      • Closed C$125m public equity offering in November 2021, with a significant portion of the funds provided by select mining sector corporates. This was further complemented by broad participation from other new and existing institutional investors.
      • The upsized financing provides additional liquidity to fund exploration and expansion studies at the Company’s open pit project (the “Open Pit Project”) in addition to the ramp-up of Underground Mine.
    • Significantly enhanced balance sheet flexibility:

      • Long term debt reduced by approximately 30% during Q4, 2021.
      • First debt repayment under the Company’s senior credit facility with KfW-IPEX Bank deferred by 2 years to July 2024.
    • Hiring of key management positions:

      • Joining as Chief Executive Officer on October 6, 2021, Randy Buffington brings substantial operational and development experience in both underground and open pit mines in Nevada and internationally.
      • 8 key operational management positions added in H2 2021, resulting in operational improvement and enhanced planning and execution systems.
    • Development

      • Developed program for Open Pit Project resource extension and feasibility study: The budget and execution plan have been defined and the Company expects that drilling to support the updated open pit feasibility study will commence in Q2 2022, potentially sooner depending on drill rig availability.
      • Open Pit Project Decarbonization Program Advanced:

        • Solar power studies were completed in 2021, which show:

          • Pumpkin Hollow benefits from ample sun and land to support a large solar project with the capacity to meet a significant portion of the Open Pit Project’s power requirements;
          • The solar potential at the site is up to 200MW;
          • The already low grid power costs in Nevada could be further reduced through an on-site solar plant; and
          • A third-party solar project provides an option to remove upfront power infrastructure costs from the Open Pit Project.
        • Electric fleet study for mobile mining equipment fleet electrification at the Open Pit Project was completed by US-based energy and sustainability consultant Sprout Energy, which concluded:

          • Scope 1 carbon emissions over the life of mine could be reduced by approximately 10% of total estimated emissions; and
          • Fuel and maintenance costs could be reduced by up to approximately US$200m over the life of mine.


    • Exploration

      • Undertook further property reconnaissance on the Copper Ridge Area, which is located to the northeast of the Open Pit.
      • Defined target exploration plan: Initiated further refinement and interpretation of the newer geophysics in key areas such as Tedeboy, Tedeboy porphyry and Copper Ridge.
      • Initial grab sampling and mapping of these areas have resulted in areas with high grade copper samples. Surface mapping and sampling are planned for Q1 of 2022, supporting the commencement of drilling in Q2 2022.




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    Vorab: Ich bin immer noch sauer wegen der brutalen Verwässerung, womit die Altaktionäre mal wieder kräftig verarscht wurden. X(


    Dennoch kann ich die fundamentale Seite nicht ignorieren. Die operativen Fortschritte sehen alle sehr gut aus und das viele Geld aus der Kapitalerhöhung dient immerhin dafür, dass alles beschleunigt ablaufen kann und auch Explorationsanstrengungen erhöht werden können.


    Von daher bin und bleibe ich weiterhin investiert. Finanziell sind nun alle Risiken für längere Zeit ausgemerzt worden und operativ sieht es mittlerweile ziemlich gut aus. Die Risiken sind damit echt überschaubau geworden und auf der anderen Seite ist der potenzielle Gewinn riesig.
    Der NAV von NCU liegt bei ca. 2 $! Und für weniger werde ich auch kein Stück hergeben.

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