RE:Teck is in BIG Trouble - Buying BQE is Their AnswerIt's news like this that makes you realize how valuable BQE's technology is. And since insiders own so much of the float, they are in the driver's seat and will dictate when/if and for how much the company might be up for sale.
As an ESG investor, the world would benefit far more if BQE stays public since they can share this technology with more than one company.
echo2 wrote: The real news is that Teck has been fined 60 M for polluting waters with selenium since 2009:
https://www.cbc.ca/news/canada/british-columbia/teck-fined-60m-contaminating-bc-rivers-1.5965646
"Teck Coal told court it has spent nearly $1 billion since 2011 in an effort to bring selenium under control and plans another $655 million in spending over the next four years."
They are using another's technology and it has been a disaster for them at Teck. They didn't go with BQE a few years back because our technology was unproven. Now it is proven, is cheaper, is more efficient, and is more effective. The fine they are to pay according to the court is 3x the market cap of BQE!! And, they plan on spending $655 M more over the next four years on technology that has failed them miserably?? Or will they simply buy BQE for $100 M (or 5 x the present share price) and own the technology so that they can solve their problem going forward??