Nevada Copper Corp NEVDQ

Pala's "playbook" with Nevada Copper

[JayGriff]

Pala's playbook with NCU might be something similar to what has been done in the past with other assets. Google one of the lines below and see for yourself.

Also, there was an NCU press release announced October 6, 2022 about a potential change in control and it was mentioned in a later PR (same month) that they didn't expect it to go through. The absence of insider trading (for more than a year, especially when SP was and still is trading at a ridiculously low price compared with it's intrinsic value, imo and analysis) tells me that directors and management possess non-public info. Given NCU lack of funds for the OP, there's a chance that another company stepped (after October 26 press release) with a better offer, or the original offer is still in the works / already completed.

Read up on why Pala delisted Kasbah Resources Limited from the ASX:

"Large disparity between project valuation and market capitalisation"

 

"Pala Significantly Increases Mandatory Cash Offer for Sierra Rutile"

"Pala takes $85.7-million bid for Rockwell to shareholders"

"Pala Investments to acquire Cobalt 27 for C$501 million"

"Voluntary Delisting From ASX - Kasbah Resources Limited"

[JayGriff]

50 minutes after I posted this same message on Yahoo Finance, the comment section has been disabled... Check it out...

[JayGriff]

Justa glitch, disregard my last comment.

[JayGriff]

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[mckayk3]

Their are other major shareholders as well.  If Pala was going private they'd have done it when the situation was more critical (2021-2022).  They also could had delisted but didn't. Instead they spent considerable effort to get funding for underground continuation.  The play book is to get the company operating and generating a profit. 

[JayGriff]

I've studied their past acquisitions and divestments on previous assets, and the story for NCI is starting to look clearer. Timing for this is everything. They would not have taken almost a month to consider a change of control proposal in Oct. 2022 if they weren’t serious about selling their stake in NCI or losing control of this asset. Below is another link regarding the sale of Pala’s

[nofluff]

The europeans have dibs on the ug copper. Pala and friends work closely with them and do not want to tick off ny. Makays thoughts r correct I believe.  My strategy at this point is to hope ncu sp stays soft for another month, at which time I hope to double up my position. I am just a pop player, so double will be small:)) nf

[JayGriff]

It's now a liability for this mining company to remain public. Look at how the market is pricing this asset! NCI being a public company helped financiers acquire a lion share of this asset pennies on the dollar lol. Now the liability is the low market cap, which could prevent larger offers from being received (if Pala wanted to sell their stake in NCI) or better financing terms for the future

[nofluff]

Happy guessing:)) nf

[westcoast1000]

Pala cannot take the company private without 1) paying off the loan from kfw, which is huge and 2) risk getting in legal trouble with Nevada, whose Senator had an act of Congress passed to create a large parcel of freehold land holding the land assets. That was a major factor in the emergence of the company.  They also do not have the money to fund the OP. So they need partners. There are

[JayGriff]

@Westcoast1000, many thanks for your informative reply,  I wasn't aware the land bill would prevent a privatization. On a side note, I'm trying to wrap my head around Solway purchasing 6 million warrants from Pala for $6 million in a private transaction on December 2021. These warrants have a strike price of $1.00 and they expire May 29, 2023...(Including all the warrants that Pala

[JayGriff]

*correction to my post (I meant to write cause potential legal trouble for privatizing) not: prevent

[westcoast1000]

Jay, II did not mean to imply it is obvious and certain that the land bill would preclude taking the company private, but I think it would be an obstacle. It would be bad optics. Also, there are pretty explicit laws about take private transactions under British Columbia securities laws, which require a majority (possibly 2/3, I cannot exactly recall this explicitly) of shareholders of every

[patchh]

Solway purchasin...  SOlway was a gun N face to Hudbay..  they are mortal enemies w dead bodies on the ground down in SA when they were partners..  Sol skipped town and Hud answered up in canada for a settlement for the natives gunned down -w AK 47.. 2 this date/then i hav never seen where Sol paid a red cent to Vlad for anything..  they were simply given a buket of shares for

[bogfit]

" risk getting in legal trouble with Nevada, whose Senator had an act of Congress passed to create a large parcel of freehold land holding the land assets." The land swap involved a Federal lands transfer and had nothing to do with Nevada state properties. b.

[patchh]

Money !   they B dripping in money..  buy out mabey ?/  buy N more likely..  thats how theylike to paly the game here in nevada w juniors.. NCI is no longer Venture.. its a junior..  the local wanted NCI add's  here are for Hoist Operators who can Cage Load from the bottom 5000-2E.. 2025..  NG is probably footing and ofset for the engineers - survey

[patchh]

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