RE: foxy appreciated Dont get your hopes too far up here guys.....I agree theres going to be a $5-7 dollar buyout but there is no way in my eyes it will be over $7...maybe $8 tops.
CUU has too much Dilution, and the fact that Teck walks away with 75% for a pittance are the biggest factors in this buyout.
You will do well on this stock, in my eyes it is relatively risk free, but after seeing some of the expections on AG it is pretty easy to see that people have gone money blind. Thats a bad way to be when it comes to any stock...even CUU.
We have almost 400 million shares out......Teck will buy 75% of this for under 400 million.....and there is nowhere written clearly that Teck has to be in production in 4 years.
I can assure you of this...when Teck farmed the risk out.....they sure didnt put their balls in the CUU noose.
$5-7....I bet we'll get $4 for Schaft Creek and the rest is all premiums and material.
Given most of my position was bought at $.08 I can assure I dont really care......but these lofty $15-$20 dollar figures...even $10.....I hate to say are just pipe dreams.
Mind you I wouldnt mind being wrong....I just cant see it....and after much discourse and number crunching....I just cant see any plausible way itll happen.
That being said a $2 buyout is absolutely absurd as well.
Rogue,