Nevada Copper Corp NEVDQ

It only goes to auction

[rickwayne1982]

If there are multiple competing high bids that are received. What range do competing bids have to be from one another to constitute competitive? 50 million, 100million, 500 million?  I have no clue.

But if 1 bid outbids the 2nd highest bid by $1Billion, I believe the debtors will choose that bid and not go to auction.

The big unknown is what range do bids need to be from one another to constitute competitive...

The bid notification is Sept. 9. That's when we will know if the court docs are not sealed about this. September 10th in evening if there is an auction.

[KentWilkens]

Any bid that surpases the sh + sh cost + 1m is a competing bid.

[nofluff]

After evaluation, all bids above sh must be told how much cash they must tender in order to match high bid and enter final auction. As did the current process all bidders will have to pay a substantial fee to qualify for final auction.  So if Rio, bhp and tesla go to final auction, many in 1rst auction will go just home. Tesla is the richest by far, but both Rio and bhp. had stellar copper

[KentWilkens]

nothing in the documents indicating tendering cash to enter action. all qualifying bidders are in the auction. Once bidding starts, if there is any, must exceed previous bid by 2% Then all bidders must join in (ante up) or they are dropped, except the previous high bidder. "to remain eligible to participate in the Auction, in each round of bidding, each Qualified Bidder, except the

[nofluff]

Yes. Qualified bidders must Prove to debtors satisfaction, that they can cover the bid.  The final round will b interesting. Let's say, there is only tesla, bhp and Rio left. New high bid is 5 billion. So how do they bid???  Do they up by 1 billion or 5. Someone will win. With those 3, there could b share swap on the table. I appreciate your serious demeanor now kw. Also rw. I am

[patchh]

Ion Elon -or- input/uotput : is like oracle..  they simply own private banks.  Ion owns something like 50 and they are all private.  his mail focus is space - auto and telenets.  here N east nivida.  tesla auto has provided or purchased the bonds that went into building sparks all the way to fallon/Yet !..  fernley was the larges build out - past the palasides loops.

[KentWilkens]

Some true, some not  Been into ncu since quite a bit before you started pisting on it. Not much, just play money. An intersting play  Tko, yes, still in. Like playing long, even when i play short it often ends up being long. Diversify, but within what i know. Although, must say, there was a good bit of low hanging fruit before they stopped trading.... Always respect NF.  KW