Timing on Purchase
posted on
Nov 30, 2011 07:15AM
I am also a holder of Teck and am encouraged by what was said in latest shareholder meeting. I am inclined to think this Copper Fox Metals buyout will happen before Christmas very close to the release of our BFS and possibly before BFS since they are working so closely with our team on every step.
Seeing that they are sitting on such a large cash holding and the timing is right for an end of year purchase which will have significant tax benefits as well as a great way to reduce profits on paper with this Capitol cost expenditure.
I would also think we are due for at least a couple more releases on drill holes.