EDIT: This is in response to Chappy's earlier post, not the immediately previous one.

Hi Chappy, I think what Elmer was expecting to happen didn't, ie: Teck said 'no, we are hanging onto these shares a little longer'. They are the big dog, and they know it. We are being submissive and they know they can push us around and we will take it. For now anyways...

I would think Elmer was as much suprised as how this is shaking out as we are. As per the conference call he clearly thought things were going to go differently with Teck (Liard transfer, 120 days starting, FS as BFS approval, etc) and I think the conference call was a bit of a scramble for damage control - that is why responses seem to contradict a bit? His suprise regarding market reaction to the BFS was disconcerting to me as well - how could he have expected anything different? Almost all of us on the board when the BFS was released saw immediately that it was FAR below our expectations and knew as soon as trading resumed it was going to be painful. He may have been in a bit of a pickle due to his communications to us as to what was going to happen, then Teck saying, 'hey, lets not get ahead of ourselves here'.

It is entirely possible that Teck did say 'uncle' and we stopped drilling last summer, but now 8 months later the market and other opportunities have changed and they are looking at this more closly before just jumping in as I am suggesting Elmer expected them to. They have had their people working hand in hand with us for years.

I think it is fair to assume we are getting bullied a bit, and management doesn't know what is coming either, so they are dancing around their previous statements? They don't want to define anything because they know we are going to hold them to it, and every time they defined anything in the past its blown up in their face.

I think anything said previously is out the window, and we have to wait and see what happens.