Post by
KentWilkens on Sep 01, 2024 2:18pm
SH bid, sue, not
Patch, have no idea where you get your idea that the sh might sue.
SH by default is a qualified bidder.
They cannot be blocked from bidding, if there is bidding.
There are only two ways there is no bidding
1/ nobody outbids SH, in which case SH is high bidder, they get the property.
2/ there are other qualified bids, all of which to be qualified MUST outbid SH. (Exception clause)
But nobody actually bids once it goes to auction.
Since SH is a qualified bidder at auction, and they choose not to bid, no lawsuit.
Unless you have actual information to the contrary, your guessing that SH will sue is baseless.
All in the bidding rules.
Not hard to figure out ( unless your brain is wired like the rodent in Ice Age)
KW
Comment by
nofluff on Sep 01, 2024 2:59pm
Yah. I do not worry to much. I think it may have been suggested that sh never put up a break fee or bond which would likely disqualify them from benefits of sh. Some thoughts on moelis. They will make about 10 or 20 million by end of Aug. on expenses alone. But there main gig is 2% of sale. Another 20 million would mean 1 billion sale. I am not thinking they signed on thinking that low. Nf
Comment by
KentWilkens on Sep 01, 2024 5:29pm
We should have a poll. High qualifying bid from sept 6. High auction bid from the 10th. Allowance for 1/ low objective guess 2/ reasonable objective guess 3/ wishful possible thinking guess KW
Comment by
nofluff on Sep 01, 2024 6:10pm
I am your 8 billion guy. Not sure if that is low, high or in between but I am hoping:)) Nf
Comment by
rickwayne1982 on Sep 01, 2024 6:59pm
1.43 Billion shares @ $2 each would evaluate Nevada Copper similat to Filo Corp with received an offer at 2.9 Billion USD. Think bigger - Filo Corp is in the Andes in middle of nowhere with no permits or the same ease of access to water and electricity as Nevada Copper. It's also in the USA
Comment by
KentWilkens on Sep 01, 2024 7:40pm
My call is warrants are just paper, cannot be redeemed, out of the money. KW