True that there is no mention of expected timelines. THAT is the biggest issue.
This is where each person may want to use and believe in their own common sense/judgement.
Not much I can say that I have not already said recently.
I posted a couple times about this starting by this one:
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/572649-/messages/1798495
I then posted about why they could possibly need more time :
''As for June 4th it's a target but was purposely not set in stone during these disucssions and we can understand why. As I posted yesterday.....many DEPENDENT AND INDEPENDENT VARIABLES can influence what we think is a CONSTANT:
The current discussions can involve just Schaft Creek or maybe the land all around it (again tehy added more lnad last week), then you must consider the port agreement, you have the Hydro agreement, you have Xstrata (now Glencore) who own 10.72% of the Liard shares, you have Royal gold, First nations, Goverment, you have various tax implications, accountants, lawyers and various options to pick from, schedules, possibly another player involved, and I'm probably forgetting some..
If something needs to be signed and they need a couple days, considering eveything I just mentionned above and the long term impacts this has on all, they'll probably use a couple days if needed. For that simple reason a fix deadline was not legally declared.''
And even recently posted:
''I would perceive any delay as a strong indication that a deal is being worked on.
Of course if negotiations are not finished before June 4th the company should communicate it and let the market read between the lines.''
To me this NR means a couple things.
1) Teck is obviously interested
2) Because the ''120th day'' passed by they sent out a NR to calm investors, inform that things are still moving along with Teck.
3) For all I know this could take 3 days or 2 weeks. But if they are negotiating a back-in they have a drill season slowly passing by and the pressure on both is to start drilling. As I posted before the buyout will eventually come after the drilling.
I see benefits in every back-in or non back-in possibility:
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/574788-s-o-s/messages/1804324#message
4) If they are negotiating a buyout great let them do their thing.
I followed up on the EA status, possibily Q2, 100% Q3. (so from here to sept),Zero issues, everything is good, collaboration with goverment etc. My opinion Mid July, early August.
