Based on these ownership interests, NovaGold Resources Inc. has the right to benefit from mineral activity on a total of 19.5 million ounces of gold in the measured and indicated mineral resources, of which 87.2% are in proven and probable mineral reserves grading 2.09 grams of gold per ton. Over time, it will become much clearer to retail investors which of the two scenarios (economic recession or soft landing) is more likely between the end of 2023 and 2024. Based on the NI 43-101 Technical Report and S-K 1300 Summary Technical Report on the Donlin Gold Project, the project anticipates future gold mining to average production of approximately 1.1 million ounces per year for 27 years of operation but mine construction should not start before 2026. These cookies may be set through our site by our advertising partners. The proceeds of all or a portion of the DIP Credit Agreement may be used for, among other things, general corporate purposes, including working capital and permitted acquisitions, administrative costs, premiums, expenses and fees of the transactions contemplated by the Chapter 11 Cases, for payment of court approved adequate protection obligations and other such purposes consistent with the DIP Credit Agreement. Jason P. Rubin Washington, DC 20006-1037 These cookies enable the website to provide enhanced functionality and personalisation. If you have an ad-blocker enabled you may be blocked from proceeding. Scott L. Alberino (Prevailing Central Time), Agenda For First Day Hearing On First Day Motions Scheduled For April 21, 2022 At 3:30 P.M. (Prevailing Central Time), Before Judge Isgur At The United States Bankruptcy Court For The Southern District Of Texas, At Courtroom 404, 515 Rusk Street, Houston, Texas 77002, Final Hearing on Certain First Day Motions, May 23, 2022 at 1:30 p.m. If not the second quarter 2023 financial results, what sparks investors interest in NovaGold Resources? AMEVO 2000 B.V. Company Profile - Dun & Bradstreet Rescheduled to March 28, 2023 at 3:30 p.m. (Prevailing Central Time) Modified on 11/20/2020 (lm). Filed by Petitioning Creditor (s) Professional Financial Investors, Inc. (Marum, J.) 71 S. Wacker Drive Contact Information Court Dockets Claims Docket E-mail Subscription File Claims First Day Pleadings First Day Orders Notice of Chapter 11 Bankruptcy Case/Meeting of Creditors Notice Lists Petitions Plan & Disclosure Statement Documents Ponzi Complaint Judgment Sale Related Documents Scheduled Hearings Through GWGHs subsidiary, GWG Life, LLC, GWGH owns and manages a diverse portfolio of life insurance policies that, as of September 30, 2021, included $1.8 billion in face value of life insurance policy benefits. NovaGold Resources is expected to release its Q2 2023 financial results, which will likely reflect an operating loss due to the costs associated with setting up the company's future gold . Charles S. Kelley NovaGold Resources is expected to release its financial results for the second quarter of 2023 after market close today June 27. May 2012 - Sep 20142 years 5 months. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. New York, NY 10036 The specter of an economic recession due to rate hikes could push NovaGold's share price back to the highest peaks of the cycle. To find out more about the cookies we use, see our. Case Information - Professional Financial Investors, Inc., et al If you do not allow these cookies then some or all of these services may not function properly. The problem is that despite the rising cost of money, consumption (70% of GDP) is holding up well thanks to a resilient workforce. Media Contact:Dan CallahanDirector of CommunicationGWG Holdings, Inc.(612) 787-5744dcallahan@gwgh.com. Their existence is highly uncertain as they are based on very rough estimates, and it is therefore uncertain if they can be mined. Matthew D. Cavenaugh United States Bankruptcy Court. Professional Financial Investors, Inc.: Application to Employ Donlin, Recano & Company, Inc. as Claims, Noticing, and Solicitation Agent Filed by Interested Partys Professional Investors 20, LLC, Professional Investors 21, LLC, Professional Investors 22, LLC, Professional Investors 23, LLC, Professional Investors 24, LLC, Professional Investors 25, LLC, Professional Investors 26, LLC . As has been the case during the last five years of trading (for example) - see chart below - I believe the market will continue to offer investors the opportunity to expand their holdings with a buy-and-hold approach, taking advantage of the formation of dips. Find company research, competitor information, contact details & financial data for AMEVO 2000 B.V. of Dronten, Flevoland. They may be set by us or by third party providers whose services we have added to our pages. Obtains Debtor-In-Possession Financing to Facilitate Restructuring, Expects Restructuring to Strengthen Financial Position and Enhance Value of its Assets. Abid Qureshi Donlin Recano Adds Jennifer Mercer as VP, Director of Strategic (Prevailing Central Time), Notice of Bankruptcy Case/Meeting of Creditors, General Claims Bar Date Governmental Unit Claims Bar Date, Order Setting Bar Dates for Filing Proofs of Claim, Order (I) Modifying Bar Date Order, (II) Exempting Bondholders And The Indenture Trustee From Filing Proofs Of Claim Prior To Claims Bar Date, And (III) Granting Related Relief, November 4, 2022 at 11:59 p.m.(Prevailing Central Time), Notice to Direct-Held Bondholders Regarding Bondholder Claims Bar Date, Notice to Indirect-Held Bondholders Regarding Bondholder Claims Bar Date, Direct-Held Bondholder Proof of Claim Form, Indirect-Held Bondholder Proof of Claim Form, Order (I) Modifying Bar Date Order, (II) Establishing Procedures For Allowance Of Bondholder And Indenture Trustee Claims, And (III) Granting Related Relief, Final Hearing on Certain DLP Funding First Day Motions, December 9, 2022 at 9:30 a.m. (Prevailing Central Time), Meeting of Creditors for GWG DLP Funding IV, LLC, DLP Funding VI, LLC and GWG DLP Funding Holdings VI, LLC, December 16, 2022 at 10:00 a.m.(Prevailing Central Time) (Entered: 11/20/2020). Receipt number 30913283, amount $1717.00 (re: Doc# 1 Involuntary Petition (Chapter 11)) (U.S. Treasury) (Entered: 11/20/2020), Chapter 11 Involuntary Petition Against a Non-Individual. Southern District of Texas. 700 Louisiana Street, Suite 3400 Shares of NG:CA are trading at CA$6.06 apiece at the time of this writing, giving it a market cap of CA$2.02 billion. For additional information, please contact the restructuring information center toll free at 1 (888) 508-2507or submit an inquiry via e-mail to gwginfo@donlinrecano.com. Should the economy enter a recession later this year or in 2024, NovaGold Resources could offer an interesting solution to benefit from the expected bull market in gold. GWG Holdings, Inc. Alberto holds a Master's degree in Business Economics. These statements are subject to significant risks, uncertainties, and assumptions that are difficult to predict and could cause actual results to differ materially and adversely from those expressed or implied in the forward-looking statements, including risks and uncertainties regarding the Debtors ability to successfully complete a restructuring under Chapter 11, including: consummation of a plan of reorganization; potential adverse effects of the Chapter 11 Cases on the Companys liquidity and results of operations; the Debtors ability to obtain timely approval by the Bankruptcy Court with respect to the motions filed in the Chapter 11 Cases; objections to the any plan of reorganization or other pleadings filed that could protract the Chapter 11 Cases; employee attrition and the Companys ability to retain senior management and other key personnel due to distractions and uncertainties resulting from the Chapter 11 Cases; the Companys ability to maintain relationships with suppliers, customers, employees and other third parties and regulatory authorities as a result of the Chapter 11 Cases; the effects of the Chapter 11 Cases on the Company and on the interests of various constituents, including holders of the Companys common stock; the Bankruptcy Courts rulings in the Chapter 11 Cases, including the approvals of the terms and conditions of any plan of reorganization and the DIP Credit Agreement; the outcome of the Chapter 11 Cases generally; the length of time that the Company will operate under Chapter 11 protection and the availability of operating capital during the pendency of the Chapter 11 Cases; risks associated with third party motions in the Chapter 11 Cases, which may interfere with the Companys ability to consummate a plan of reorganization or an alternative restructuring; increased administrative and legal costs related to the Chapter 11 process; potential delays in the Chapter 11 process due to the effects of theCOVID-19virus; and other litigation and inherent risks involved in a bankruptcy process. The Honorable Marvin Isgur. M. Shane Johnson -and- Accessibility. ReSet to February 7, 2023 at 10:00 a.m. (Prevailing Central Time), Notice of Reset of Meeting of Creditors Pursuant to Section 341(a) of the Bankruptcy Code, Notice of Chapter 11 Bankruptcy Case/Meeting of Creditors, March 10, 2023 at 9:30 a.m. Mitch Ryan - Vice President - Donlin, Recano & Company, Inc - LinkedIn The company is currently completing the preparatory work and will then update the feasibility study. Entering text into the input field will update the search result below. Fax: (212) 872-1002 It is also possible that the Donlin Gold Project may not even start gold production in four years time, as there is always a risk that things will not go according to the company's plan. Retail investors are better off waiting and watching how the economy develops by keeping an eye on some key indicators such as the interest rate decision, inflation, job market conditions and the US gross domestic product growth rate. This is possible as gold serves as a safe haven against the negative cycle while between gold and the stock there is a strong and positive correlation. one day begin mining gold from a mineral asset -- known as the Donlin Gold Project -- in southwest Alaska, the share price will fluctuate with the price of gold. April 20, 2022 08:00 ET Mayer Brown LLP is serving as restructuring counsel, PJT Partners LP is serving as financial advisor, and FTI Consulting, Inc. is serving as restructuring advisor to the Company. Between late 2023 and 2024, I think there could be either an economic recession or a soft landing, with the first scenario triggering demand for gold as a safe haven against the fallout from the negative cycle. That doesn't mean, however, that one must forgo the opportunity to sell some shares whenever a sharp rise in the price of gold presents an opportunity to earn an undeniable capital gain. Rescheduled to April 19, 2023 at 2:00 p.m. (Prevailing Central Time), Notice of Hearing on Disclosure Statement, Notice of Hearing on Disclosure Statement, Solicitation Procedures Motion, Exclusivity Motion, and Compensation Motion, Notice Of Adjournment Of Hearing On Compensation Motion, Disclosure Statement Motion, And Exclusivity Motion, General Claims Bar Date for GWG DLP Funding Cases Governmental Unit Claims Bar Date for GWG DLP Funding Cases, Notice of Chapter 11 Bankruptcy Case/Proof of Claim Deadlines, June 15, 2023 at 1:30 p.m.
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donlin recano professional financial investors