GREY:CATXF - Post by User
Post by
Burroon Mar 04, 2013 10:28pm
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Post# 21077574
Good (?) News
Good (?) News I really wish I could share some of the enthusiam. Maybe in a better market. I just don't see how we can have a major like Teck effectively pass and expect to do a better deal with another major in 210 days (March + 180 day window) when trading at a nickel and doing $600K PPs to keep the lights on for a few months.
If Teck has opted out after spending three years getting familiar with the project, don't you think the other majors will act like lemmings and pass or wait out the optiontimeframe and try and do a cram down deal in a few months? Maybe Teck has said "good luck" and will be back with a more favourble deal for them in four months.
I hope I am wrong.