I can also confirm the trades have been reversed. Scotia iTrade is showing a price of $1.24 and 0 volume for the day. Bid/Ask is at $1.00.

As I said earlier, the fact that so many were given an "unfair advantage" with the premature release of this news on the CUU website forced IIROC to reverse the trades.

Hopefully cooler heads will prevail now that everyone has a chance to digest the true impact of the news and that nothing has materially changed. We will still see some selling, but as many on here have pointed out, if you're truly long, then don't worry. At the end of the day, the delays may help us. Who knows at this point.

GLTA

"And then investors are sill gonna dump their shares. What's the dif..?"

The difference is that every share holder will have equal opportunity when trading resumes..

I think the removal of the "News" from the Copper Fox website supports my position. I think we're going to see a release from IIROC signaling the reversal of all trades from today followed by an official news release from Copper Fox through the proper channels. When trading resumes this is going to get crazy..

If you look at the news release for the halt, it indicates that the reason for the halt is "pending company contact", meaning that IIROC halted the stock because they need to get in touch with the company and see what the sh!t is going on..

I have been in this position twice before where a company's share price made a huge move on no news or leaked news, before the official news release came out on newswire. Both times, IIROC halted the stock and reversed all the trades. I wouldn't be surprised if that happens here at all..

There was an obvious advantage given to those signed up with the company's website email list or for those who were lucky enough to have checked the website this morning. I think IIROC will do something to even the playing field.

From the Financial Post:

Teck Resources Ltd. reported a strong third-quarter profit of $814-million Thursday, but the mining giant also slashed its copper and coal sales guidance for 2011.

Coal sales guidance was lowered to 22.2 to 23 million tonnes (from 23.5 to 24.5 million) because of concerns about the global economic uncertainty that are impacting steel markets. Teck also warned that fourth quarter sales could be weaker than expected if demand continues to weaken.

In the case of copper, guidance was cut to 320,000 tonnes from the prior estimate of 330,000 to 340,000. Teck blamed lower-than-expected production from the Quebrada Blanca mine in Chile, one of its key operations.

The third quarter was otherwise very solid. Adjusted earnings of $742-million (or $1.26 a share) was a penny ahead of consensus analyst estimates, and the Vancouver-based company also reported record revenue of $3.4-billion, up 40% from a year ago.

“We had a very strong third quarter,” chief executive Don Lindsay said in a statement.

“We set new records for each of revenue, gross profit and cash flow and our cash balance has grown to $4.5-billion today.” He added that the company reached a new record in the quarter for total material moved.

Teck also pleased investors by hiking its semi-annual dividend 33% to 40¢ a share.