Re: Question?
in response to
by
posted on
Sep 26, 2012 03:56PM
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%)
Teck made an offer for probably a 50% premium
I Can believe that
My suspicious nature causes me to suspect that it has been Teck surrogates who have contained the share price all along for exactly that purpose
It would have been cheap enough to accomplish
Just trading against any uptrend and reload on the down
..and I'll even opine that Stifel was one of their cronies