Re: This week?
in response to
by
posted on
Nov 19, 2012 02:26PM
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%)
Those are all positives for cuu shareholders, our management is to look after our interests not tecks, those are all part of an agreement in which would still be involved in negotiations how does that change if they release the bfs negatively for us? I understand the whole situation but no where in the agreement does it state we are to worry about shafting our investors for tecks interest.
I assume you mean positive for Teck? It's positive for both of us. Mutually beneficial because we get at the least, a serious offer from Teck by kind of helping them a long the way. It's the least hassle free to sell to Teck because of the agreement and its complications, and in turn is better for us shareholders. Do you really think if Teck is negotiating with us and they request we don't immediately release the BFS - that the best course of action is to release the BFS...when again, the most convenient and probably best route is to sell to Teck?
That post I can agree with everyone here is putting a positive spin on this, I can not for the life of me see how releasing bfs can affect negotiations as a share holder I believe we should know what the value in the ground is worth if there is a negative impact from releasing it so be it. That's the chance you take if its positive great that's why I invested but holding it and not allowing the chips to fall where they may is just wrong. Any buyout should reflect pounds in the ground and future exploration potential not whether shareholders get to see the bfs or not. All these other issues laird shares ect, are in the agreement should not be a factor whatsoever on us seeing the bfs.
I never meant to imply we wouldn't see the BFS. In fact, I said it's likely we'll see it in tandum (offer and BFS released at the same time). You can't just say release it because you're impatient, even if it's negative for all shareholders overall... Again, the buyout probably will be reflective of what's in the ground, the value of certain intangibles etc. but the BFS is only a tool used to get us bought out. The actual important thing is....just that, getting bought out. Teck can make the first offer, and that doesn't mean there won't be a bidding war, but we should help those who want to buy us out.