TSX:SUE.WT - Post by User
Comment by
Corcovadoon Oct 04, 2007 3:01pm
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Post# 13523287
RE: Please explain
RE: Please explainKooler Quote:
Yes, sounds pretty stupid for CMM to buy something they already own, doesn't it? This TO attempt proves that Shahuindo DOES NOT belong to CMM and they know it. CMM realized that they don't have the dough and can not afford to go to court indefinitely when their chance of winning is pretty slim.
CMM is not buying Shahuindo, they're offering to buy the whole of SUE. It's a prudent move to look at the reality of the situation and make the best of it. CMM has lots of money, SUE's resources are in question.