This is what I am thinking and hoping I'm right.

I think something is up with Teck and CUU. I think the announcement of the JV was made to pacify the shareholders of CUU. They did not have time to complete what they really wanted to do and did not want to announce another delay and cause panic selling and knew a NR needed to be sent out to keep investors happy. The decision for JV was made as an interim step to buying time to complete final agreement. It beats announcing another delay.

Teck also probably wanted to see how the market would react to their decision of partnering with CUU or any other major. I think Teck got their answer by seeing their SP climbing steadily since the announcement.

The new company, Desert Fox, was created for the buyout of CUU by Teck or another major and took longer than expected to get established, so another reason for the delay in decision. Now CUU is completely separated and the dividend was to keep the financial aspects separated too for a clean cut off.

This is my opinion. The drills still haven't started drilling because there isn't any intention to do this at this time. Teck and CUU IMO are still working on the sale/buyout of the 25% of CUU.

I think that's why the website is down. I think we'll get a NR SOON with some good news of a liquidity event.

Would explain the 500,000 options being bought now which is not due till 2014. I think we'll get more insiders buying their options because CUU would also like to clean the "books".

What do you think?

Who knows. I may be grasping at straws.