Re: Stock Option---Question?
in response to
by
posted on
Jul 10, 2013 08:43AM
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%)
I suspect though that we won't be having any sort of votes until we hear from Teck.
That is what I am thinking also Prospekt. They do say it is business as usual, but it is pretty hard for them to follow that if all the key players are in a blackout. Their hands are currently tied when it comes to voting on compensation, exercising options, buying and or selling shares, and many other things I am sure. For these reasons alone I would think it will soon start to put pressure on their patience.
If we really have what they, so far, have proven we have in metal assets plus alot more, their must to be some thinking of dumping Teck. This would allow them to lift the blackout, exercising all their stock options and share compensation options, and jump straight in bed with a new potential partner or buyer. Teck would be great, but I am sure there are others that would jump in with alot less feet dragging. IMO
glta