RE: RE: RE: Teck Copper Development ProjectsDon't forget Teck has 29 billion in liquidatable assets and cash. When a co slurps up shares they strengthen thier position because less hands are in the cookie jar. The last few times I've seen this it was because the co was cuddling up with a bigger fish. With nothing eminent they have time to do this. We did move the BFS into the next quarter. I wasn't going to get into this but here goes.
Teck has a money issue but more a manpower issue to develop Galore and us. They are betting the market goes up so any premium on the shares gets eaten up. This reduces the pool too. The net effect is a stronger share base at a higher price. This makes takeovers harder. Later when the clock starts Teck can use the new leverage or sell a weaker asset and they will have the money and that would free up manpower. This would require a change of relations with us. This appears to be the case.
The delayed RE was to be out no later than mid July with the BFS in Aug. 1 month and a bit. If we are told Sept/Oct then the RE can wait till Aug. As I understand our current position this does not jive. The RE must be issued within 10 days.
Something has changed.