Re: Teck Announces Dividend and Buyback
in response to
by
posted on
Nov 17, 2017 09:48PM
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%)
That was the amount quoted by Spitfire that Teck spent on a share buyback, although when I just checked the press release it looks like it was $ 230 million
Just to clarify, I was not suggesting this buyback of 230 mill was our buyout, I just stated what Mr. Keevil is on record saying regarding being frugal with expenditures. In the past I have suggested that I would gladly take Teck shares that were being bought back by the company when they made the arrangement last month to buyback 1/2 Million shares. I would gladly take that $1.25 buyout worth of Teck shares, as I am bullish on Teck and feel, as it has shown the last few quarters, it will be a cash cow.