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%)

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Message: Re: website update - Chunky
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Aug 27, 2012 03:49PM

OK, you people who think a deal is already done and at the lawyers...how is that possible without shareholder approval? Are you suggesting the deal is for selling Schaft and land, and then we will receive a dividend and that is why shareholders don't even need to be consulted? Even though Ernesto owns a majority of the voting shares there is a requirement to have any offers announced and put it to a vote publicly. Also, it makes more sense to announce interest from Teck so the stock price has a chance to ride higher and we could solicit other and better offers. If it's poker we're playing, I don't think keeping it tight to the chest with a deal on offer is the best strategy. (I lost the metaphor there but my point is made.)

I'm not saying that I don't think this is getting ridiculous and that something is going on, I just don't think that Teck has shown their hand yet. This is becoming an increasingly unpopular position, I see, but there are regulations.

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