Copper Mountain Potential Takeover... This is just speculation on my part, so please don't take this as having any weight to it, but T.CUM which CEC holds presently 1.8 million shares has been a potential takeover target in the past, albeit no "formal" offers were made.
The Financial Post reported on July 11, that back in November, Nyrstar Resources was interested in purchasing T.CUM for $7 per share. No "FORMAL" offer was made, and the markets have slumped since.
T.CUM is currently trading near its 52 wk lows, and IMO, and my opinon only, it makes T.CUM a potential cheap takeover target.
Anywhere near $5 - $6 per share of T.CUM makes Compliance's investment worth $9 - $10.8 Million or
.14 -
.17 per share cash. That's not taking into account the potential for Raven.
Someone is putting a lid on this with the big sell orders at
.9 and
.10 and yet they aren't really selling as I thought they were intending to. JMO