Nevada Copper Corp NEVDQ

Competitive bidding is the right and smart way

[rickwayne1982]

This quote below is from the article regarding Coldeco's recent bid for a 10% stake in a Chili copper mine operated by Teck Resources. Looks like the people behind Nevada Copper are going through this in-court (supervised) sale transaction the smart and right way, to ensure fair and competitive bidding for all. Companies with great copper assets would be shooting themselves in the foot by selling in a "friendly" deal. How do you know if you get the best price if you only make the assets available to a select few?

"Sonami has said any sale should be done through an open and competitive process."

https://www.mining.com/web/codelco-bids-500-million-for-stake-in-key-chilean-copper-mine/

[nofluff]

Well rw. Certainly nothing competitive about the Codelco offer. It is to another state owned corp. They r only offering about 50 cents cad. Per pound of phase 2 twenty eight year mine life. The 5 billion valuation of there offer would not cover the huge infrastructure in place. Just a political swap of state assets for accounting purposes.  Hopefully we get a press release on Wed. Who the

[rickwayne1982]

What safeguards NCU from receiving low ball offers is the fact that Moelis has so many interested parties involved, a minimum floor bid and hard court-approved deadlines to be met. Collusion would be easier to achieve with few parties involved which would be harmful to stakeholders as buyers want to buy as cheaply as possible. With so many interested parties, and no one knowing who is potentially

[nofluff]

If that is correct rw, then there will only b a few high bids. If a lowered bid does not get access to final auction, no one will go through the effort, bid fee and bond just to b punted. Tues. Is not far away:)).    All bidders know the value of asset. It will go at value. The geniuses that put this plan together sit in pakas swiss office. They are among the most talented businnes

[TomsStockHut]

Mmh, you may want to consider reading Paul Klemperer's book “Auctions: Theory and Practice”. It provides a comprehensive overview of the theory and practice of auctions. Klemperer is a renowned economist who has extensively studied auction theory and practice. He has made significant contributions to auction theory, a specialized field of game theory that deals with the allocation of

[rickwayne1982]

Thanks Tom, nice post :)

[Sclarda2]

   $15 billion Cdn.     ha ha ha ha       The Oracle of Stockhouse has spoken. ha ha ha