Bullboard - Stock Discussion Forum Nevada Copper Corp NEVDQ

Primary Symbol: T.NCU Alternate Symbol(s): T.NCU.WT.C

Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and... see more

Add To Watchlist

TSX:NCU - Post Discussion

Nevada Copper Corp > My suspicion is

View:

Post by nofluff on Jun 20, 2024 1:22pm

My suspicion is

That pala and Merc have agreed to a minimum price with someone. That would be a starter on an auction. That would also set the price for the rest of us.

Hope that is so.

Nf

Comment

Comment by KentWilkens on Jun 20, 2024 4:23pm

Minimum price which pays off loans etc, and leaves some for the shareholders? Possible, but my reading of the documents is that it will be an auction. If a minimum price that assumes it may not be sold. If that was the case would they have gotten the 60m? Best way i see shareholders getting compensation is a cash / share offer, cash pays off lenders, shares traded for shareholder equity. Some ...more

Comment

Comment by nofluff on Jun 20, 2024 4:43pm

I think u miss understood me kw. A minimum bid would b as I said. The Start of the auction. If no one showed to the auction, deal would b done. Let's say 0.50 per share. The other bidders have had 35 days to evaluate. More weeks to change bids. I think I am becoming more confident. Nf

Comment

Nevada Copper Corp