Re: Buy-out Price
in response to
by
posted on
Dec 29, 2012 12:32PM
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%)
I am sorry but until an offer is on the table - my shares are worth what they are worth - which is $0.81 the last trade on Friday.
You're confusing price and value. The price they were on the last trade on Friday was 81 cents. That's what someone else was offering for them, but that doesn't mean that's what they were worth. If you have a house in downtown Toronto and someone offers you $50,000 for it does the value of your house suddenly change? Nope. Same the value of our shares don't change as others trade, they only change as the company does work to add value (or find out there is none). It's only the price that changes day to day.