Re: This week?
in response to
by
posted on
Nov 19, 2012 02:41PM
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%)
Since this is all speculation, here's my take.
If we have a tentative agreement with Teck, and they asked for time to get their partners lined up, would you hold their feet to the fire and say we're dropping the FS and starting the clock, or would you think, they're making a fair offer and have dealt with us in a fair and honorable way, and we should assist them in any reasonable way we can.
All to often we take a simplistic view to what I hope will be a multi billion dollar deal for the understandable reason that it's so important to us and has been a long wait.
The talk we've heard today re. selling now and having 24 hrs. after an announcement to get back in is ludicrous. anyone following that advice needs treatment and should be investing in mutual funds, letting someone else make their decisions. if it was a newbie clogging up the board with all this negative garbage they'd have been dealt with long ago.
Saying if we don't get news this week, we won't get anything until Jan. doesn't make sense to me. when a deal is announced there will be a trading halt, the terms will be announced, management will reccomend it's acceptance, trading will resume with the price opening within 15 - 20 cents of the offered price. and the market won't care if it's the day before Christmas. when management says it's a go, it's a done deal.
Someone once said here, each day is like a week, and it's true, but giving up now because someone has had a panic attack would be a stupid move and would be rued for the rest of ones life......chunky