It looks like we might pass by the June 4 "deadline" without hearing anything from the company. Since we don't have a lot of good info, here are a few clues to watch out for:

Annual General Meeting

If Teck does decide to buy us out, we will need to vote on it at a meeting. We've got an upcoming Annual General Meeting that would be the perfect time to vote on a buyout. If Copper Fox thinks we might get bought out soon, it would be poor planning to have a standard AGM and then organize another special meeting afterwards for a buyout.

We will be notified of a meeting on Sedar as a "Notice of Meeting" followed with a Management Information Circular and Form of Proxy. The Form of Proxy will have the items we need to vote on. There is supposed to be 21 days between the Proxy and the meeting itself.

To summarize, it will be bad news if our Proxy info gets posted soon. This will indicate that it's "business as usual" and that Copper Fox doesn't expect a buyout any time soon (although a back-in is still possible).

Insider Buying/Selling

If the company is in negotiations the insiders will all be blacked out. If we see an insider buy or sell, this will indicate that discussions have terminated.

Financings

If Teck is buying us out, we won't need to raise any money. If Teck is backing in, we will need very little money to keep the company running. If we see a financing, it will indicate that Copper Fox doesn't think they will be getting Teck's help for anything. While some might be happy that we will get 100% of the property, I think this is very bad for us.

Drilling Program

As I have mentioned before, it will be a bad thing for us to announce a drilling program unless we know Teck's decision. We don't have any money and the latest PP proved that we are unable to raise any money. Without knowing our financial situation, it will be difficult to determine the size of a drilling program.

Environmental Assessment

Perhaps part of Teck's hesitation to make any decisions is because they want the EAA filed before they make any commitments. All progress on the EAA is shown on this website. The most recent filing is from December. It will be a good thing if we see some new filings because it means that progress is being made on the EAA. Anyone want to place any bets about the EAA being delayed? :)

So it looks like all the silence could be good news for us. Time to sit back and see where things go from here.