GREY:NEVDQ - Post by User
Comment by
cnynmanon Jan 07, 2025 5:41pm
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Post# 36393256
RE:RE:RE:RE:RE:RE:searislee?
RE:RE:RE:RE:RE:RE:searislee?Tom, you say 'there hasn't been an auction'. But there was, indeed, an auction process, with a winning bidder declared. As it turned out, the SH bid was the 'winning bid' because all the companies who viewed the data room concluded that the value of the project did not exceed the SH bid. There could have been and would have been a more active and agressive auction had even one company seen additional value. They did not.
It really is that simple.
Now you and several others on this board want to keep insisting that the mine, both UG and OP, are somehow worth much, much more than the final bid. What in the world are you basing that conclusion upon other than your own delusional evaluations, and perhaps a string of misleading statements from Nevada Copper over the past several years. They were wrong, if not downright misleading, and then they went bankrupt.
The open market has declared, definitively, that the mine is worth no more than the $148M bid by the winner. Why is that so hard to understand and accept?