posted on
Jan 28, 2012 03:59PM
I know there's growing frustration with the delays (especially the release of the BFS). Keep in mind though that Teck may not want the BFS released until after they've made their move. Take a look at what happened with Far West Mining last year. They were supposed to release their PFS at the end of 2010 but kept announcing delay after delay. Turns out they were in buyout negotiations with Capstone the entire time and had no intentions of releasing the PFS until after the buyout!
It wouldn't surprise me one bit to see a weekend news release in the very near future saying CUU had been bought out completely. We'd still get a decent price and Teck could then release the BFS on their own terms, helping to justify the purchase to their own shareholders and give their sp a boost.
There are so many little details that suggest this is exactly what's happening (delays, housecleaning, lack of news, things that don't add up...).
Just don't be caught with your pants down!