Post by
rickwayne1982 on Jun 17, 2024 8:19pm
Change of Control to a Sale
It appears the intention was to initially have a change of control but now this turned into a sale... Where was Moelis (law firm) all these months? After contacting Tracey, she confirmed that no Pala nominee sits at the board (all 3 directors have left, starting with Kate Southwell in early 2023 and now Stephen and Evgenij...) Mercuria (2nd largest investor), their 1 and only nominee has also resigned. However, all independent directors have remained... This is very telling about what's to come folks...
Note that without a CEO, Nevada Copper was in breach of a TSX listing requirement. They have rectified this by appointing an interim CEO.
Comment by
mckayk3 on Jun 17, 2024 8:34pm
Where did you get info Moelis is involved? Also they are not a law firm btw. Court will appraise the value of NCU before we get into sale territory.
Comment by
KentWilkens on Jun 17, 2024 10:47pm
The chapter 11 was structured from the beginning as a sale. Read the report, all laid out in the milestones. Kw