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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: Teck CEO cashes in on company's rising share price

The Price is Right! He won both showcases.

Wouldn't it be nice for CUU shareholders to know this feeling?


Teck Resources Ltd. CEO Jonathan Price exercised stock options early and sold shares in the mining company to book a multimillion-dollar profit, as a live hostile takeover for Teck remains in the market.

Insider trading records show that Mr. Price exercised 88,715 options in Teck to buy B shares at prices ranging from $16.36 to $45.64 on May 1. He sold the same quantity of stock that same day for prices between $62.89 and $63.11. That gave Mr. Price a profit of about $3.7-million.

The sale of shares by a CEO of a company at a time when a takeover proposal for the company is in the market is considered unusual.

 

Some of the options were due to expire in 2030, so Mr. Price had the ability to wait many years before exercising them.

https://www.theglobeandmail.com/business/article-teck-ceo-books-multimillion-dollar-profit-on-share-sale-as-glencore/

 

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