Re: possible buyout scenario.
in response to
by
posted on
Jun 24, 2020 08:03PM
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%)
"Lindsay and the board would be on a pike if the paid $1 for a stock trading at a 52 wk average of .8c."
I'm not sure if this would be correct in this case. The majority shareholder owns more than 50% of the company stock and would be the only one to decide on a final sale price. The rest of us are just along for the ride no matter if we think it's good or bad. Sure would be nice to see something happen though.