Here's a hypothetical scenario for the longs who feel like divulging their mindset:
Let's say Teck releases drill results in January, as expected. The grades are good, many in the range of .50 to .80 copper equivalent and even exceeding 1% copper equivalent in some holes, including the deeper cores.
The macro evironment is mildly positive at the time, not red hot, but reasonably upbeat.
In the weeks leading up to the drill results, CUU's share price picks up in anticipation, hitting 66 cents. Following the news release, the stock gets a really nice boost, reaching the $1 mark.
But Teck continues to play their cards close to their chest. They make no mention of phase II of drilling in their news release. Their next move and timeline is unclear.
So, based on those factors, who here would be unloading some of their position at $1, and approximately how much would you be willing to part with?
It's been a long haul for us "long and strong" types. Many of us have lamented not selling at $2.74, or thereabouts. So are you prepared to cash out to some degree as we recover, or are you planning to hold tightly to every share no matter if we run the risk of tapering back into the 50 or 60 cent range due to a lack of momentum after the drill results are made public?
FWIW, under the aforementioned circumstances, I'd probably be prepared to sell about 10% of my shares. I've suffered this long. I plan to hold the majority of what I own until the buyout is finally announced.