GREY:CPYCF - Post by User
Comment by
c0lmustardon May 02, 2013 2:10pm
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Post# 21330469
RE: RE: RE: No annual report yet on SEDAR
RE: RE: RE: No annual report yet on SEDAR "Not sure why they would cash in the 97,000 shares unless they've already burned through the $659,000 cash they had on hand at the end of 2012."
Or, maybe they recognized that t.cum shares were weak and were liable to be cut in half and that it was a good time to take some money out. Their mill still can't hit throughput consistently without secondary crushing and now there is talk of buying another crusher.
There's no rule that v.cec has to keep their money locked in to the fate of copper mountain.
Side note: I think it's a good time to buy t.cum shares. Mitsubishi would never let the project die, so to me, even with copper prices hitting the three buck range, it's gonna be a money maker.