David sells, scenario #4723...

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

YourNadir

Rank: President [?]

Points: 11595 [?]

Votes: 145 Score: 3.6 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

David sells, scenario #4723...

posted on Jun 25, 2012 11:27PM

David's wife Joanne says, "No David, you are NOT putting one more cent into Copper Fox Metals! You said the buyout was coming several months ago. Are we there today? No! I sold my shares and life goes on. Enough is enough!"

David, the perennial CUU long, desires a trading position. Looking at the macro picture and the potential for carnage from the European leadership "summit" later this week, he decides to dump 1.2 per cent of his holdings today, knowing he may be able to buy back more shares in a few days or next week at even lower prices.