Re: commodity set back - I see by my score some don't like
posted on
Apr 15, 2013 01:31PM
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 agree, hoghead, that is material info and CUU would be required by law to disclose it. CUU has a pretty strong legal department and it would have adviced CUU management to disclose such info, if it were the case. Unless you believe CUU is acting on the wrong side of the law, then it means the terms of the agreement have passed as written and the TECK clock is ticking away.
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My concern is they are going to try and play stupid and say they 'missed that part of the contract' or 'we thought we were in compliance' or some other B.S. excuse to stay on the right side of the law.
Once they answer in writing to this simple yet very material yes/no question they can no longer play the stupid card...
If the terms of the agreement has passed and the clock is ticking - what's the big deal?
Why all the cloak and dagger?
Why the flat out refusal to answer this simple question?
To me this is worrysome, because usually when someone is dodging a question its because we may not like the answer?
Sure, maybe Golfyeti's proposed scenario may be correct, but what if it isn't? I have a lot of $$ on the line...