GREY:CATXF - Post by User
Comment by
Accountant007on Oct 11, 2012 12:41pm
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Post# 20473551
RE: RE: RE: RE: RE: Greenslade in China
RE: RE: RE: RE: RE: Greenslade in China The simple fact that Greenslade is in China indicates to me that Greenslade needs a liquidity event and his shares/options in CCY will provide him that. He is probably on hook (bank loans) for his BAJ shares that have tanked. If Teck doesn't pony up for the 20% for $20,000,000 expenditures, we own 60%...better for us. This is an easy deposit to take into production so it should be easy to sell. It is possible Teck wants a more financially sound partner to go forward with the mine and has told Greenslade to find it.
Who knows but time will tell....IMHO