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Bullboard - Stock Discussion Forum Nevada Copper Corp T.NCU

Alternate Symbol(s):  NEVDQ | T.NCU.WT.C

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

TSX:NCU - Post Discussion

Nevada Copper Corp > Privatization
View:
Post by fishmillion on Mar 01, 2021 12:14am

Privatization

Snots.... in all seriousness...whats your odds on a pala bid to take ncu private?... my guess is once the heavy lifting is done... they just need 20% of the outstanding pool.... 0.25 would get it done. ...?. Disclosure... .. i only have a pile of the A left... hoping to make 30- 50 k then dump....
Comment by Notgnu on Mar 01, 2021 12:26am
Fish... It is a good point and it is the largest risk here in my opinion. I think everything else will definately resolve well. The mining issues are minor. I see it this way: I will get paid in that case but I will be super smith and wesson pissed. The gambit is that the Oligarch and friends have a greedy man's share already and need to consider the value of Bend-F'ing Blackrock and some ...more  
Comment by Notgnu on Mar 01, 2021 12:37am
Further, someone much more knowlegable than I can comment but I think (someone once mentioned this) that they open themselves up to a bid from outside if they try to do a take-over? Not sure... but if that is the case then there is no way they would want to lose the baby in an attempt to gulp back the bath water. N
Comment by Notgnu on Mar 01, 2021 2:21am
Fish... further to your question, this is what I found with a quick search of Canadian Securities law firms: From: https://marcomm.mccarthy.ca/pubs/Going_Private_Transaction_in_CanadaMay2009_.pdf ...Majority of the Minority In addition to obtaining two-thirds approval of holders of each class of shares in the target company as required by applicable corporate law, Multilateral ...more  
Comment by patchh on Mar 01, 2021 1:20am
Private is possible - but they will simply die on the vine for cash expansions.. thre is also - staate - county - fedm kritters involved..  NCU appears to be a governing trust of local interest..  if its a buy out !  it will go something like I-80 gold w Premir and Equinox..  premir runs it and the players get stok N cash.. NCU need an additional 400 to 600M$ to expand pits ...more  
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