They have thrown us many little hints,
Copper Fox picked up Liard shares on 2 occasions (2388 and 26954). Obviously they want them.
Elmer was also invited on the Liard board by Teck. (Elmer is required a seat on that board for any negotiations to start, to have a voice)
Xstrata own 10.72% of the shares and are not willing to part with them.
If Xstrata doesn't want to part with 10.72% and CUU was very happy getting 1.47%...why would Teck even think of letting 78% go...
These shares have voting power under the agreement we can't see.
Forget about Teck backing out, or 20% or 40%. It's 75% or buyout.
IMO 75% is dangerous for Teck.
At 75% one would think that Teck can just earn it's interest back, but CUU still holds the shares until Teck earns.
What if CUU sold to Xstrata,,,,
Xstrata would have 10,72% + 1.47% + 78% = 90,19%
What kind of voting power (under an agreement we can't see) would 90,19% give Xstrata while Teck tries to earn back....
What if Xstrata wanted to enforce the 4 year clause....
Hmmm....
Trust me Teck cares alot...I'd be very happy with 75% because I welcome a bidding war for the 25%. But Teck will avoid alot of headaches by taking us out completely including our 1.47% in Liard.....
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Copper Fox acquired 26,954 shares of Liard Copper Mines Ltd. (Liard), a private company incorporated in BC from Mrs. Mary Elizabeth Dunn for a cash payment of $269,540 and 245,000 common shares of Copper Fox. Liard holds a 30% Net Profits Interest (NPI) royalty in the Schaft Creek project. Teck Resources Limited (Teck) owns 78% of the issued and outstanding shares of Liard. Upon completion of a positive Feasibility Study, Copper Fox will acquire Teck's 78% interest in Liard. The shares acquired by Copper Fox as a result of this transaction with Mrs. Dunn represent approximately 1.47% of the issued and outstanding shares of Liard.
