Re: "One thing I don't understand" - here we go again......
in response to
by
posted on
Oct 15, 2012 07:37PM
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%)
Oops. No that was supposed to go somewhere else. There was a question to me about the 60 day take over. CUU would have to dilute to EE about 14 million shares and have the other big holders on board. Might even take a few votes here then the could get the 90%.
While they could do it I don't see it as a practical matter right now. There would be a class action probably fairly fast and people would have cash for that. This assume a 40% premium was offered. But, What if they offer $3.50?