It would be nice to have the buyers lining up.
Had the Salazar agreement been adhered to
we would now own 100% and the liard shares
The 120 day clock never started therefore Teck
has no obligation to declare their options specified
under Salazar.
Until Teck chooses to walk, take 20%, 40% , or 75%
we are stuck between a rock and a hard place.
We can't shop ourselves to any one because Teck
is being let off the hook by Elmer by not having served
them with the feasibility notice
Vette , you always maintained that Teck walking was the best
possible scenario.
The 120 day timeline has come and gone and all management
could come up with is a pathetic nr that we continue with
discussions.
If the 100% ownership was the best option to obtain top s/p why hasn't
Elmer shown Teck the door so that we can pursue these lucrative
outside buyer possiblities.
It's June, no announcement of a drilling program, no pp to fund it ,
and no clarity or answers to questions regarding the Salazar agreement.
In my email to Teck requesting such clarification they replied that it was much more
material to cuu and therefore they would leave the disclosure to them.
The same email to cuu has gone unanswered as to what Teck considers
material information.
Is it any wonder then that some of us are frustrated and have expressed our lack
of faith in how management has managed this.
This has gone on far too long, serve them the notice and perform your fiduciary
duties to all shareholders.
