Re: Zzzzzzzzzz
posted on
Jan 04, 2012 02:08PM
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%)
What you seem to be suggesting - correction welcome - is that collusion leading to manipulation of the stock price is occurring. I would agree that retail shareholders are powerless to prevent such events, given the weakness of the OSC and other institutions who routinely fail to provide adequate policing, but you should bear in mind who has skin in this game. Whatever final price is established has to be acceptable to those who hold CUU's reins. If they're satisfied with $3.75, there isn't much we can do about it. But do you think they'll be satisfied with $3.75? Maybe they will, but I'd be surprised, given what is known to be in the ground at this time. There is nothing forcing CUU to accept an offer that doesn't reflect the known and estimated value of the property, hence I would agree with those who argue that the final buyout price will NOT be influenced by any periodic averaging of the market price, whether it's being kept artificially low or otherwise. And, while we'd all like it to happen right now, and I hope it does happen soon, there is no hurry. No hurry at all.