GREY:CATXF - Post by User
Comment by
mudguyon Mar 01, 2013 6:23pm
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Post# 21065109
RE: Odd number
RE: Odd number Raising 600K keeps the lights on for a few months, which is what it will take to either consumate the deal with Teck or bring in another player for Teck's portion. I suspect it is basically based on the price and 10M shares, nothing more than that. If they need more after that, well, that is a few months away. A lot can happen here in that time.
I have confidence that Greenslade and the board will have a plan B. If Teck has not been talking to them, I'm sure they have been lining up a partner. This is a well connected group with a deal-making track record.