Over much of the past year CUU sat at around $1.20 per share and many of us speculated over which catalyst(s) would propel our share price higher:
the revised resource estimate, the titan results, the release of the mira, the release of the BFS, having the blackout end for insiders, when tax-loss selling is over and TFSA buying is underway for the new year, and now the start of the Teck clock.
Not one of those events resulted in upward momentum. On the contrary, we tumbled as low as the 60s and now languish in the 85 cent range.
So, outside of Vette doing the job of Phoenix Communications by getting us exposure on a website or in a publication, what possibly remains to compel investors to move their money into CUU? And why isn't CUU management using its communications firm to trumpet this world-class deposit to the world instead of writing subdued press releases in conjunction with key events in the company's history?
After all, the argument has been that if Teck is going to pay anywhere near fair value for Schaft Creek then Teck will be paying multiples of the existing share price (anywhere from three to six times what we're at now, according to the predictions on this board).
How is Teck going to explain that to its shareholders?
What's left to drive our share price higher between now and the buyout that we hope is coming?
