RE: Answer the question, Bashers "what does TECK have to gain by postponing the announcement that they would walk away from CUU?"
Who says Teck is going to postpone that particular announcment? Teck is going to likely use the full amount of time alloted to them to try to make a deal with CUU if indeed they are interested. If the terms are not to Teck' liking, then it will be announced at a proper time. CEO Don Lindsay at Teck is a very good dealmaker and I assure you that if he does want CUU, he certainly won't overpay for it. And for those who think that CUU will be fine if Teck declines their back-in option, you're kidding yourself. CUU will then likely have to issue multiple PP's to fund the ongoing operations, investors who invested for the purpose of a buyout will hit the sell button, and the stock price will languish. My opinion. Remember all those people on the VMS board a few years back who were expecting the big buyout from Hudbay? Lot's the talk of getting several dollars per share, just like the CUU pumpers. Things never worked out as expected and the stock trades at .34 cents. I could list dozens and dozens of examples of so called "sure things" where investors were 100% convinced a particular major would buy them out, and the deal was never made and the stock price dropped considerably. Teck back-in is NOT a sure thing.