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Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and... see more

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Nevada Copper Corp > "ncu was quite upfront in the news releases.."

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Post by italianoMumBO on Nov 11, 2024 8:48am

"ncu was quite upfront in the news releases.."

Yes they were, then how does one explain all the suppliers and contractors that kept working there supplying goods and services up until they filed for C-11? With all the "notices about lack of funding" many of these contractors / suppliers continued working / supplying the mine from what is observed in the invoices in each claim...

How does one explain the bulk of the shares being "sold" from one single broker during Feb 8-9 and June 6-7? If you look back on the trading data, you will see the average buy and sell price (per share) are literally identical... no one was making money... It was purely an exchange or redistribution of shares from 1 broker to 12 other brokers... Patch says "raid" but for what purpose? Bringing down the market cap to 28 million USD and laugh about it? All this did was simply highlight the continued shadiness of Nevada Copper.

Most of the retail holding shares past 2024 were already down by huge amounts... One would ask, why sell now (and recoup almost nothing) or wait for the change of control or sale transaction to occur and recoup more money or come out with a gain? Something tells me that the bulk of the sale is private. Why would the buyer need to pay Nevada Copper Inc. when Pala and Mercuria owned the vast majority?... the buyer would deal directly with them.

This sale transaction is illusionary, which also explains why Moelis didn't post it on their website under the list of transactions...

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Comment by patchh on Nov 11, 2024 11:29am

that attorney who got off the plane on thursday.. filed directly w epik - today https://dm.epiq11.com/case/nev/dockets apparently he was not co'ed w another law firm in nevada.. ??? read the listings he is filing on.. Mcinnis Copper is new - again one of the largest in canada (200 beagels in the nest). if the list today is what i think it amy inclusive.. its a group ...more

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Comment by patchh on Nov 11, 2024 11:35am

something blew while they were hauing paste and shuttling miners in and out on coach 7/7. molis - they are aboutn restructuring not a battering ram - they may B unhappy.

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Nevada Copper Corp