Our support is at $1.15 there is a small amount of support around $1.20 but those guys don't have much in the game at that price so it will evaporate quickly if pressure come. The only thing that bounced us up this morning is probably 3 people on this board who bought. The RE has been digested and attracted 0.

This should not come as a surprise to any. We are in the worst month of the cycle and our PM is saying the EU is running out of runway. The very annoyed will be wondering why the company seems to do stuff at complete odds with the market and seemingly with no respect for the global conditions or the sp. In this case the RE could not come out at a better time as that was too late and to wait longer would foul up the FS timing. Thanks Tetra and all who had a hand in it. So all you can do is wait till Teck makes a move.

Don't be surprised if we trade lower. There seems to be people willing to take a bath to get out. That's good if you like to trade and if you are just buying. The worst is yet to come but don't worry Teck has no choice but to buy us or face their own revolt. Worst case is a FS in Sept or Oct and that puts us into 2013. That may be why Elmer cited a possible 2013 drill plan.