Something more important that an JV would have to be on the table in order to stay mum on the pivotal Back-in election (and mine construction start). No?
I would hope not, but I don't think we can rule out the possibility. Here's what the TSX regulations state, and I think it would apply to the Teck decision and JV (with apologies for the weird cut and paste.) It seems to specify that a delay of news can be allowed to finalize the terms of a transaction.:
c)
Disclosure of information concerning the status of ongoing negotiations would prejudice the successful completionof those negotiations. It is unnecessary to make a series of announcements concerning the
status of negotiations with another party concerning a particular transaction. If it seems that the
situation is going to stabilize within a short period, public disclosure may be delayed until a definitive
announcement can be made. Disclosure should be made once “concrete information” is available, such as a final decision to proceed with the transaction or, at a later point in time, finalization of the terms of the transaction.
