I find it interesting that Teck continues to remain mum on the fact that Schaft even exists except for that chart entry some months back that showed Schaft as a rather large, potential project for them
Since then, nada.....
Maybe we really are such a minor entity in their massive operation that we don't make it to their public pronouncements
Or maybe it is a bullying negotiating tactic, drawing on the knowledge that we are powerless to achieve any sort of market appreciation, absent any acknowledegment from them
The longer they defer their legal obligations, the more pressure to settle on CUU
I do hope that our lawyers have that 60 day JV requirement circled
Letting Teck skate on the Liard delivery and the JV would really be a tough pill to swallow
IMO, our share price will not budge until Teck at least acknowledgees that we have performed in accordance with the controlling agreement
They are aware of this and I think testing whether our management has the resolve to force their hand
Otherwise they will stick to this strategy until we say uncle