Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

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Message: Re: General Investments
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Mar 05, 2013 01:41PM
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Mar 05, 2013 02:07PM
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Mar 05, 2013 02:24PM

I wholeheartedly believe CUU is trying to get Teck to walk away...

I sure hope this isn't the case. All the company has ever said is they want to make a deal with Teck and get out. If they have had a secret plan to do the exact opposite of their guidance to us shareholders I would be p**sed. If true we can't trust anything they have said.

Regarding the "Plan B" Elmer touted - I don't think they have the business sense to pull it off. Elmer is certainly a great geological mind, but as a CEO he has proven lacking.

I certainly have lost confidence in his ability to generate a good return for us. Way too much "not concerned about share price", and not enough urgency to get anything done.

Not trying to leverage our agreement at all either? I realize we can't strongarm Teck into a deal, but we can at least show some strength. Let Teck know we require the Liard shares (possession is 9/10ths of the law), and that the clock is ticking.

If we get a news release after the 30 day review period for FS acceptance saying we are requesting the Liard shares and confirming the timeline for the 120 day clock - all is forgiven.

I think Teck knows already what they going to do, and it isn't harming our chances of a deal to ask for what we are owed. If anything that may improve our chances of a deal.

If Teck wants to wait longer on moving forward - then lets enter into a binding agreement for a purchase/back in with a set closure date and write up a new JV aggreement with the new terms. Leaving us in limbo hoping for a handout is inviting Teck to walk all over us, at least this is my opinion anyways.

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Mar 05, 2013 02:41PM
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