Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: Need to understand

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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Z32NUT2

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Re: Need to understand - Confusion

in response to

Re: Need to understand

JayJ

posted on Jan 22, 2013 12:44PM

I think there is some confusion here.

Sales of Assets

If CUU sell assets then they decide how much gets distributed by way of dividend to existing shareholders. They would be able to retain some working capital in this situation.

Sale of Shares

If CUU shares get purchased then shareholders get whatever that value per share is and CUU 2 would have to raise capital for operations as there would be no residual.