When I first discovered this co. I did my simplistic, back of the envelope valuation and came up with $1.80..that was spring of 2010. when we blew through my price and then $2.00 greed overtook years of experience and I drank deeply of the kool aid known as dreams of untold riches...Hah
I'm here with more stock than ever, hoping we can get back to where we already were. my only saving grace was selling a quarter million dollars worth at $2.25 to buy the Arizona property.
Vette recently posted, if the June 4th deadline passes without news it won't be troublesome. I respectfully disagree. anyone who has done big business deals, commercial real estate etc. or has worked on them like, lawyers, accountants or agents, knows it's deadlines that force people to burn the midnight oil and get the job done.. I have nothing but admiration for Vette, his efforts and abilities, it's just I think I and a lot of others have made enough mistakes re. this investment.
I firmly believe, as it's obvious the insiders know what's going on, that the retail investors need to be better informed and the co. should stop this nonsense that " Teck may not recognize the FS as bankable. the contract, IMO covers that.
I view June 4th as a deadline, and expect some news regarding it. otherwise Teck can diddle away the time using the excuse, we don't have the EA or the mine permit yet and can't get power until 2014, and make us take all the risk of another year or more to wind the deal up.
I invite comment.......chunky
