Nevada Copper Corp NEVDQ

Latest Question for Patch!

[JoeStockIQ]

So Patch, after all the information on the court proceedings that has come out in the past few weeks, what is your up to date guess on what common shareholders get next month or so when this is all settled?? Ole slew is firm that all commons will get a big goose egg, zero, zip, nada. On the other hand, the Snuffleofagus remains in a dream status of $5 per share! What say you now Patch? Forget about all of the other stuff, simply give your best guess for all out here trying to read between the lines of your daily posts!

[patchh]

i had it around 1.2 -2- 1.5B$.. if the bids are not offset w creditors % on the dollar - probably add 200M$ / breakout fees - beagels ? Pricewater house completed thir audit and the price is going to B around the autit sums + 20 to 25%; this will include the stocks as an asset/payments in,kind.. i don't think thye are going to penetrate to wipe storks on the canadian side --  the TMX

[KentWilkens]

Depends. If few or no bidders, good chance shareholders get 0 Npv is meaningless if nobody is interested. If good bidding, tgey think the asset is worth it, permitted, infrastructure, easy to get to, patch estimate might be low. Be fun watching. KW

[JoeStockIQ]

Alrighty then, that's your way of saying commoners get about two pennies per share when all wrapped in a tidy bow. Sounds about right, might be a penny high though!

[JoeStockIQ]

Somebody need to tell the Snuffleofagus his dream value of getting $5 per share is about $4.99 on the high side. Suppose some credit should be given for keeping his dream alive during a bloodbath nightmare. 

[patchh]

there are a half dozen items that need to go thru the finish line as finished; the storks are one..  i don't think there is 'stomach -4- more chirades.  that mine is too complicated to keep on Low Gears !   the State and Bonding Companies R N there  their merits will B settled forst as the Bid are approved. the sale will B inclusive..   some of the earlier

[rickwayne1982]

Hi Patchh, which docket reveals at least 40 major players?

[patchh]

anybody on the list who recieves a notice of motion filings..  i think its hud...  40+ on the list..  i am not going to dig around in thes epiks...  the audit was completed on the 21st and th notice went out as Doket # 600.. and the TMX Trading rooms immediately move in and start throttling LEO - w fake buys and sales.. watch this... McEwin over in Eureka came under this attak

[nofluff]

40 sounds about correct. These r unsealed bids. So most of the 40 would be returned at a bidder cost of maybe 1 million. They could then rebid. By deadline there could b several competing bids. Very interesting:)) Nf

[patchh]

actually !  i think the deal is wrappered/done.. the ribald is the failed trade gang from the TMX lubing up a knot hole o LEO..  why has a stated (-10M$) hole...  why would they need lube for a hole like that. if U fllowed the epric  - u can see that many of these filings were pre-canned and simply released in an orderly fashion.  some of them attorneys hav been in this

[rickwayne1982]

Nope, the deal is not done yet. No more aqua velva for you... I have a headache trying to follow what you're saying.

[rickwayne1982]

Once a bid is submitted, the bidder won't know until after September 6th if it's accepted or not. Most bidders will submit their bid just before the deadline to prevent anyone from sharing what someone else bid. An auction will take place only if there are competing bids. But if someone outbid the 2nd best offer several hundred million, that's the winner. If company A submits a bid

[nofluff]

I  believe you are dead wrong ew. Unsealed means open to approved bidders. This is called an auction from the beginning. So last chance to compete sept 6. Competing bids will go to a final cash only top up on the 10th. Highest cash bidder wins. It makes perfect sense to do it that way.. Ph is the mining prize. Nf

[rickwayne1982]

Sorry to break it to you, but what I explained in my previous comment (how the bid process works) is straight from the horse's mouth (Tracey Thom confirmed with me). You can email her as well to confirm it directly. Not here to spew misinformation like others.

[rickwayne1982]

Not sure my comment was read properly. An entity/party (that meets the bidding requirements) can only submit 1 bid before September 6. Once all the bids are collected on Sept. 6, the debtors pick out the best bids (if they are competing bids) and have those bidders compete in an auction September 10. A part can’t rebid multiple times up until September 6, that’s not how it works. Email Tracy

[nofluff]

Tt  is just a hand holder. I will go by what courts say. No reason to have bids unsealed if one can not rebid. Each bid has a substantial price. Pay it and go again or get out. Nf

[patchh]

also allowed in this..  the two (et.al) bidders can NOW collude and do a joint bid..  they are anti-trust exempt and can legally wipe the other bidders / who are excluded from the jam-Boore-rhea.. who in theor could sue for bidd rigging....  that was in the initial rules along w the SH Provisions

[nofluff]

There is no way any bids will b identicle. So bids come in 10% different. The final auction will be lessor bidder s agree to match high bid plus cash top up. Nf

[patchh]

the bids are closed to everythig outside of the data room - the agents layering the dokets for escrows.. the TMX Punks are up N canada pretending they hav insider information, of the Deal and are floating lead baloons. the lead punk was SS Bank https://money.tmx.com/en/quote/LEO/trade-history. they are floating  lead baloons - their intentions is to contaminate the bidding process.. 

[patchh]

7.143 Aug 21, 2024 2:45 PM 0.075 0.005 2,000 TSXV Scotia Capital Inc. Scotia Capital Inc Seller Scotia Buyer Scotia \ Tap 2000 shares when 21 Aug the same day the Audit Was Completed by

[patchh]

its actually in the bidders proposals the the bidders can collude..  its an anti-trust exemption which allows the mines to talk about ships N sails behind closed doors; they must maintain records and there are veri-very serious consequences w disclosures outside of the data room.. N a nut shell - that judge in reno will move w a bench motion and clean thier clock, for all expenses and a fine

[patchh]

https://money.tmx.com/en/quote/LEO/trade-history uptiking...

[KentWilkens]

Not sure on your math on that Joe. Patchy suggested 2b.  That works out to be between $1 to $1.50 per share depending on parasites and other expenses.