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.