Re: Back home more thoughts. Spinning wheels
posted on
Jan 21, 2013 01:54AM
Lets not forget the document is 10,000 pages as per Elmer. He did not see CUU drilling anymore, this BFS is complete, thorough and Teck likes it. If there is more work for Schaft it is after the Buyout/Backin and then in a new JV, again as per Elmer.
I also overheard as I was waiting that Teck made a few small notes of change on the BFS news release last month.
It was interesting that one conversation I had about CUU forums
was the out cry on the NR for BFS. Elmer and crew have slways said when the BFS is done they will notify with a NR. They did...
The drop in share price was a bit of a suprise to them. It seemed to be a culmination of several things in their opinion. Tax loss, shorting "although no one told them they were" strange statement , margin calls and yes people reading bad news out of the BFS numbers.