Nevada Copper Corp T.NCU.WT.C

My big q

[nofluff]

With copper averaging 2.50 a pound for a decade, ncu spends a billion on property. Two billion with compound interest. Then all of a sudden, with 4.50 copper can not raise the last 50 million to take it to name plate.

Seams weird.

Nf

[cnynman]

A problematic, poorly performing, marginal deposit operated by poor management loses money and files chapter 11. What is so difficult to understand or even surprising.

[patchh]

U don't know what U R talking about..  its 0.5% all the way to california..  General Motors pulled 200M Tons and threw away the iron - molly - gold silver..  Anaconda Mt or sawtooth came in and attempted to Heap Leach - madre a mess  - the mine was never designed as a heap.. how and why ARCO or Peabody Cole come in and Brought the Mine - is a mystery..  ARCO did get

[mckayk3]

My read of the situation is that all the potential creditors wanted predatorial deals unfavourable to shareholders.  The bankruptcy trigger protected them.

[nofluff]

That is kind of my guess mack. So now an outright sale. Thanks for that. Nf

[nofluff]

I think I finally figured how a change of control would have looked. Pala and Merc would have had to sell at least 800 million shares. The taker would have had to clean up back debt and fund the infrastructure finish. The sale will no doubt have a lot of different looks. I think Rio tinto might win. With there participation next door on there leach new tech. Ncu would b another foot in the camp.

[KentWilkens]

I would be happy with $1 per share.... Kw

[KentWilkens]

Oh, and i doubt it trades again, will be all done in the deal. Far too many variables and unknowns to allow trading on the market, which could be irrelevant to the bids. Expected price per share.. 0 - $2 0 = normal pessimism  $2 win the lottery optimism ;) Kw

[nofluff]

The reason I think it may trade is because it was halted until bidding starts. If, sh bids 0.20 cents for shares, many would accept that. If final bid is 2.00,  all buys less would be bonus. This will not be structured for ma and pop. Nf

[patchh]

against nevada 1926 Case Law to raid a 80/20 on a diluted stock/ i hav cited this several times..  its not  woirth the effort for the demarch..  i hav already cited this..  not what U can profess...  it will B an apprasial and NPV..  7-17- will B the huddles w the principals in a eleconference...  the apprasial will include all of the properties includeing the

[nofluff]

If ma and pop have to wait a hundred days, it could hurt. The way this is structured, is that large deposits must accompany bids. So all bids must b substantially higher than sh. So those that hold to end, garranteed to get the most. The bids can be structured in many ways.  Us sh are only concerned with how much we get. Nf

[nofluff]

I suspect that when a bid is substantially outbid, that the deposit would be returned and bidder could resubmit. Nf

[nofluff]

There will likely b processing fees withheld from rejected bids. So bidders need to be serious. I am not expecting much until close to closing. Good chance for a final 1 day auction. Nf

[patchh]

nf...  LAC was originally funded by Canacord -4- the tune of 1B$.  the stork was trading around 20-27 and National Cola was designated to buld the mine @ thacker. LAC a few montha ago - split thie storks into N ameir and Foriegn (own other properties in S Ameri). this is about the same time LAC Rec a 3B$ GRANT fron the Fed Gov..  a strageig asset - lith.. Becthel came N and

[patchh]

may want to hold the new line - why sell... pay 25% IRS...

[patchh]

big huge chunk stuk in the CBOT.  any creature w a phone and trade desk could raid. the storks will go out abses on the apprasial and issues/?  LEO has apparently around 3.5M Diluted shares from 2016..  pala issued 350M B4 the TSX Rules changed in canada.  there is a SEDAR from 2016 w this information... outstanding shares will B skippered in around 1.75B$..  true LEO

[patchh]

copper price is not reflected in this... includesd in that document is "LEASE"   U R dealing w Legacy Farmers @ Yet..  they like to won and lease 'things'  Anaconda has had a couple lease operators..  not clear here...  but stiganset was the last lesor to operate the mine..  apparently Stig also owned 10,000 acre feet of the anaconda water

[metalhead666]

This post has been removed in accordance with Community Policy

[patchh]

the nifty kiker is that lobby law firm in DC.  and the lobby law firm for NCI in Ren. -->  the fees here will B very large what will not B missed here is the bottom feeding attacks on stok shoks... 850M$ and the stok has been up-ticked/close to a nikel..  thats illegal in the USA