miner747's Profile

miner747's Posts

Re: Volume

Is your opinion supported by any conctrete facts or line of reasoning for the price to start rising? "Tapped out longs" wouldn't be a concrete reason. Mo-Rocks makes a great point. When we saw Ernesto step in like he did around $1.50 we were all certain that the share price would turn around and start rising. That seemed reasonable at the time. I was thinkin, Wow, even though he was majority shareholder adding millions of shares with financings Ernesto couldn't get enough with a price as low as $1.50! That sounded like some good reasoning to me and played a large part in my opinion the price would turn around. Anyway...

You'll have to forgive us if we scrutnize unsupported opinions. A lot of great due diligence work has been contributed and vetted by this forum and we have become accustomed to posts that offer support to opinions, some facts/references and/or solid reasoning, etc. Just a suggestion.


As we keep saying here the insiders know more then us.


Did we not notice that they execised warrants at 40 cents with the price being in the low 30's or did I miss read this ?

over 10 years ago
Re: The simple answer to your question is, Copper Fox is not ready to sell their 25%

My calculations are a little wrong it must be the the bud, but it is still 23.5 % of the profit.


On anouther note I've managed to average myself down to 92 cents and hoping to get it lower.

over 10 years ago
The simple answer to your question is, Copper Fox is not ready to sell their 25%

As you and many posters here have said we've been lied to. The plan is not to sell.


Think about it, Teck is the operator do you really think they care who their partner is.


Tech is financing costs to production and giving us money at every stage, 20m here anouther 20m there. when all is said and done we will get 25% of the profit, O did I forget those Liard shares O yea anouther 6% of the profit, 31% of the profit in total. This is quite the sweetheart deal.


Everyone here seems to want that buy out and the quick buck . As a buisiness person what would you do in this situation.


I'am being patient and adding to my holdings as I said earlier this is going to be a sweetheart deal.

over 10 years ago
What more do you want Teck ?

The government has given you


: Low business income tax


: Hydro


: Improved EA rules


: And now lowered your labor cost by reducing the Canadian Peso


In return all that is asked of you is to create some jobs, Get er done

over 10 years ago
Re:My take for what it's worth

Glencore must sell Las Bambas before June 2015 as per the take over of Xstata.


Tech's Quebrada Blanca will soon be out of ore without PhaseII.


Looks like both getting out of South America, both need copper.


Glencore to get approx. 5.3B for Las Bambas.


3.7B capex at Shaft Creek, That leaves 1.6B to buy out Copper Fox.


That gives them 25% of Shaft Creek 26% of liard plus the10% they own.


If Tech gives them anouther 24% of Shaft Creek to do the capex I think we have a deal.

almost 11 years ago
Re:like kids playing monopoly

We have been trying to sell this property and maybe a little lazy about it as we know it is a good property ( boardwalk ). Teck on the other hand has lots of money and some good property one of them Galor ( park place ). Tech with all it's money has now found out it can't build houses (mine ) on this property without owning both and their pouting. We know this and want as much as we can.


We offer it last year Teck says to much. ( Don Says 3 or 4 insiders want 70% 80% )


We then get off our assets and get BFS done ( We were being lacks on this figuring it wasn't needed )


We now have picked up the railway ( shipping at Stuart ) and electic power ( NTL )


We offer all these properties and up the price a little.


Tech cries again yesterday ( 3 or 4 insiders want 70% 80% ) and we won't have enough money left to build houses ( mine ).


We take next step and try to get EA done ( this EA gives us the ability to build without owning both properties ).


I say to Teck suck it up you will be able to build houses if you morgage or sell some of your other properties.

over 11 years ago
miner747
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