Re: Tech CEO says major M&A speculation "grossly overblown"
posted on
Apr 24, 2013 01:07PM
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%)
His post posed such good questions I thought it would be something to discuss? It's not like this board is overrun with postings anymore.
I guess we're aiming for quality not quantity.
People can discuss it if they like but I just don't see the point of repeating the same arguments over and over for days and days when something is actually happening that might affect our stock price.
Regardless of whether you believe the feasibility notice was sent or not, some sort of negotiations are taking place that will affect how much money we end up with. Whether this happens exactly by June 4th or not, I guess we'll have to wait and see. However, I'm fairly certain that what is being discussed right now is important and will be meaningful.
Another example, Don Lindsay said yesterday that "people's expectations were higher than we were prepared to commit to." Was he referring to our deal? He also said, "Frankly, we're not very busy at the moment." This is a good thing really for us because it means they don't have a lot of other options on their desk.