"Estimated Foreign Settlement Fee"That's what I saw when I tried to buy a few more shares of Rockcliff.
It's about 6x's what I normally pay for a trade on a Canadian stock. Considering the price of the stock it comes to a pretty hefty percentage of the total buy.
When they said they were changing the CUSIP I thought it was unusual and when they said if you were an American you might want to discuss it with your broker it seemed even more unusual.
Apparently they were trying to "discourage" people in the U.S. from buying or selling the stock.
My question is WHY? I would think Canadian owners of RCU would also wonder why since cutting off buyers isn't going to help the stock price.
I really like the Talbot property but the current management doesn't even seem to be that enthused about it. If they were they'd spend EVERY dime on it because it ain't easy to GET dimes now in this resource market. Spending 1/3 of the budget on a property with 800k tonnes is just not logical.
I'm not an expert on ZTEM data but the ZTEM data I've seen doesn't exactly "indicate" that high grade corridor, but yet there it is. Which makes me think there could be other surprising discoveries at Talbot. Which makes me think that spending the other 1/3 of the budget on Talbot might be better than spending it on Rail.
I bought this stock because it was Solvista with an excellent porphry cluster in Colombia.
Now, I'm back in this "Twilight Zone" of Rockcliff which I was in before where everything is DE-RISKED except OWNING the stock.
What scares me the most is that Lapierre may just be TOTALLY incompetent.