Re: Quadra FNX takeover
in response to
by
posted on
Dec 06, 2011 08:42PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Mudguy, I would like to clarify some issues with your post:
-in September you personally meet with management
-subsequently, you started having a more critical view of CUU (just because of capex issues?)
-continued selling your position up-to November 2nd
-then bought back in today
What changed between September (or Nov 2nd?) and today that convinced you to buy back in? Was it simply a lower SP?
Can you elaborate on your meeting with management? Do you have concerns with the management team specically or is it all related to the capex issues?
Please don't take this the wrong way... I'm just trying better understand your post.
Thanks,
Real.