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Nevada Copper Corp NEVDQ

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 a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.


GREY:NEVDQ - Post by User

Nevada Copper Corp > Questions
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Comment by cnynmanon Sep 25, 2024 3:29pm
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Post# 36240842

RE:RE:Questions

RE:RE:Questions
TomsStockHut wrote: I was just reading Docket No 745 from Zul Jamal.
It's getting more and more ridiculous. To put it simple: Moelis failed!
No competition, no bid, so this is the best they could achieve "UNDER THESE CIRUMSTANCES".

Wondering what happens, if time goes by and Kinterra sells this project for 2bn or even more?

Have a nice time, rgds. Tom




Nothing will happen. This is how (and why) bankruptcy proceedings are structured. The major creditors get some or total relief, and the failed business owners are debt free (what they wanted and needed) but have no value remaining. 

In this case, the 'failed business owners' include NCI and stockholders.

Once the deal is finalized, there is no reason why Kinterra can't sell the entire property to the highest open market bidder one month or one year from now. That bidder could even be PALA.

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