Re very interestingTKO was a private investor in CUM before they went public in 2006. They must have had many talks together for the last 3 years. With a huge proven resource and infrastructure in place,from previous miners and only 31 M shares, this project's control was given away to investment houses for dirt cheap. The will have 45 M shares. No wonder TKO is feeling ambushed, with a better offer on the table. Remember Mitsubishi owns a stake here too.
herb and coop, do you remember the fight with III over Red Chris a few years back. Maybe that asset will be worth something now, with the feds kicking in $130M today to build the long awaited power transmission line to develop the Northwest of B.C. They are looking at the mining industry to kick in the other $250M. Time to revisit some of the players there. Galore Creek may be far more attractive at $1000 gold and power on the way.
TKO made a lot of money selling their Red Chris shares in the bidding war with III, and we took on Glencore and won that case. Maybe time to let the HDI lawyers look at this one. TKO looking to spur a shareholder revolt. Bring it on.