GREY:CATXF - Post by User
Comment by
Qbar82dvon Feb 14, 2013 7:33pm
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Post# 20992026
RE: RE: Simon says
RE: RE: Simon says Clarify cash position if Teck option is to walk or takes 60% interest of the La Verde property.
CCY advanced $6M to Teck for share purchase of Newco. The company can acquire 100% of Newco. Must now pay Teck $20M and get good guys with money for the financing. Does Newco still have most of the $6m?
If Teck increases it's interest to 60% they must incurre expenditures up to $20 M. (Time line is 3 years, I think) Free ride for CCY and not an impossible position.
Who makes these deals?-- what a headache, must be why the share price is @ 6 to 7 cents.