Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Copper Mountain Mining Corporation T.CUM


Primary Symbol: CPPMF

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia.


OTCPK:CPPMF - Post by User

Post by xtdon Nov 11, 2009 11:14pm
487 Views
Post# 16478061

Ownership clarification

Ownership clarificationJust a note of clarification.
 Mitsubishi, Have never stated  if they own any CUM shares. The purchase they made was for 25% of the Copper mountain property which is owned by Similco mines.  CUM owns the other 75% and no other partners have ever been announced. So Mitsu 25% and CUM 75% own the Similco mines property known as the copper mountain project. So 
Mitsu and CUM are partners in the property only and not the share structure of CUM. TKO owned approximatly 3 million shares of CUM which before the last financing was under 10%, Or they would have had to be a reporting insider for any shares they owned or purchased and no insider trading position were ever publcised.  Post financing their their portion has to have dropped to below 5%.  If TKO wanted to buy out CUM Mitsu would not have any say unless they opted to make a higher offer. This seems unlikely as Mitsu are not historically mine operators but investment partners that like to lock up the supply of  metal produced as part of their investment.
Bullboard Posts