Nevada Copper Corp NEVDQ

Bids

[Paramount]

Despite all the gibberesh by some, the stalking horse bid has been approved and was/is the highest /best bid received by the company.
Without this bid they were in danger of receiving substantially less for these assets.
This is a summary of the SH bid declaration on EPIQ.

[patchh]

yes i saw this...  it is the only biid..  it was the SH Bid.  bids hav not been released or rec by the CC..  they are due out next week..  that bid is a staliking hourse -4- tort..    the bid is a joke...  he or they hav unti today to withdraw....  they do not hav any assets.. the bid was also not approved as presented...  the judge tossed this

[rickwayne1982]

If I knew debtors would accept a SH bid that low I would have started a Go fund Me page and participate in this with much lower terminator/termination fees/phees!!

[cnynman]

The 'debtors' care only about getting the money they are owed, or as much of it as they can reasonably expect to recover.  They are not going to hold out for a higher bid for the sake of the shareholders or employees.

[rickwayne1982]

It's a complicated transaction. I think there are more lawyers now involved with Nevada Copper than there were miners... Most of the public here thinks that filing for chapter 11 is doom and gloom instead of seeing it as an avenue for the assets to be sold for the highest price in a fair orderly manner. Lots of instinctive thinkers on here missing the larger picture.

[cnynman]

Definitelycomplicated. I'm basically ignorant of the process watching and reading here to learn. Can anyone 'interpret' or 'decipher' Patch's posts to give a clear synopsis of where this stands now? Has the stalking horse bid been accepted or rejected by the courts?  Is that still being determined in a series of court proceedings?

[Dragonflyinvest]

Can anyone 'interpret' or 'decipher' Patch's posts "   In a word, "NO!"  He can't decipher his own posts, that's why he never makes a definitive statement on what he thinks will happen as a result of his research.  It is usually only word salad that contains tantalizing hints to what will never be.   One thing I know for certain is

[patchh]

i think they are probably still dealing the the initial parties bak in 2023.. the owners are spread in caymans - jersey - london - zug and canada..  the did not hav the legal expertise to pull these together w/o getting sandbagged. as what we saw w the uptik on the TMX.. that breakup fee was a pretty hard sell to pala.   that is not how they usually conduct transactions