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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: Management sees the selling
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Oct 18, 2012 01:05PM
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Oct 18, 2012 01:27PM

A bit better than a penny a day and increasing. Someone can afford to take this drop so their shares must have been very cheap and still in the money. We've been trading 24 million shares a month before this new slowdown. That probably means the retail is holding its ground somewhat. The remainder of the shares traded are a mix of an exit and a traded float. As the exit unwinds that will just leave the traded. The traded stops having an effect when there only a few people doing it because they are trying to skin each other. Should the BFS come after the Elections it would be at the bottom. It would require a massive dump to trigger stops and shake people off their positions. The rebound would be fantastic. Many here don't think this can happen because people expect the BFS to float all boats. But really, the Teck deal will either give us a short rapid rise or a huge drop. The traders are working the retail in the hopes there will be a drop. My own guys still say Teck will drag this out. So they expect the hammer. But, no matter what Teck eventually elects the price will rise. Hence, stake out a position after the BFS. Either way it's a win.

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Oct 18, 2012 02:38PM
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Oct 18, 2012 03:23PM

Oct 18, 2012 03:46PM
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Oct 18, 2012 04:02PM
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Oct 18, 2012 05:37PM
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