Questions on whether or not we will see some resolution before the end of June: - legally how long is CF allowed to go passed several weeks/months with their extension of the 120 days before they must tell Teck to poop or get off the pot?
Just a note, I don't think they have gone past the 120 days, I just don't think we've been told yet because they are working on the JV contract, or...possibly negotiating a buyout with or without a 3rd party...although I don't really believe that.
When Vette mentioned that Jason had told him the contract stated the earn-back funds from Teck were to be spent on exploration, it made me think they were in the midst of working on a definitive JV based on our current contract and had been discussing the clauses in detail. Why else would this information suddenly come out and be top of mind for Jason?
In terms of timing, they do need to file the Q2 financial statements and MD&A by June 29th, I think. As well, Lynne told Liddy that she thought the Annual Meeting might be held in August and they would need to give a month's notice or so of that so it would have to come pretty soon. However, just because they are expecting it soon has never quite worked out for us in the past.
