Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.

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Re: Trading

about 11 years ago

in response to YourNadir's message

"The question I keep asking myself if why CUU would even bother issuing the dividend if the company is so close to being bought out? Anybody?"

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"Close enough" to not need $20m, but hedging with ~$9m if we need a second drilling season and move Desert Fox along.

I believe the management of CF wanted to show "confidence" that they did not need $20m to last through to a liquidity event of the 25% ownership of Shaft Creek, or until a "production decision" is made. Hopefully we'll see good drill results released late summer/early fall. If the results are as good as some hope, our asset may be sold before a production decision is declared.

One can hope.