No I would not. But the care and maintenance expenses would eventually force me to. On the other side of the coin, the only value that you can accurately measure today is the stock price. Everything else is all dependant on other uncontrollable things.
Now if you were a Teck shareholder would you really get a warm and fuzzy feeling if they told you that they were going to buy out someone for 3 times or 4 times the current value that the overall market is giving it.
Please don't get me wrong, I really hope we get 4,5 or 6$ a share I am a shareholder and the higher we sell the better off I will be also. But, it's hard to mentally avoid the current price we are at.
CUU has what? 400 million shares outstanding?
Insider whos 65-70% of the shares? So that's 260-280 million shares?
Leaves with 120-140 million shares of CUU for the "rest of us".
I would thank Teck if they go out and buy 120-140 million shares of CUU on the market right now at 60-70 cents. See how many Teck would get. Our daily volume is 120k per day roughly. 120-140 million shares will take them 3 years to completely buy them all.
Teck is buying SC as an asset that's worth x value not a 3 letter stock symbol with a price tag.
