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07-16-2011, 03:52 PM
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#4551 | | Need my Daily Fix of RS
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Originally Posted by blkgsr  ugh i don't like what you guys have to say...so a buy out at $1.50 would immediately cause a max SP of $1.50
or $1 for that matter?? i just don't see them selling it for that cheap...i know they've made huge moeny on this but that's like selling $1 for $0.05
i hope it's atleast $3....oh please please | The Peregrine takeover, which has more copper and gold than CUU, was just done at $487 million. CUU's current market cap is $600 million.
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07-16-2011, 05:22 PM
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#4552 | | Need my Daily Fix of RS
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Originally Posted by DOHCVTEC The Peregrine takeover, which has more copper and gold than CUU, was just done at $487 million. CUU's current market cap is $600 million. | but keep in mind PGM has ~117M shares whereas CUU has ~374M.
The selling price for PGm was $1.35 in cash and 0.08136 of a Stillwater share, which equals about 2.7$ per share. if i was offered this for CUU ,i'd be happy, however i think this would be a "low ball" to the management.
also i took a look at their 2010 RE of PGM and at the .2% cutoff, CUU does indeed have less copper, but has a lot more gold, silver, and moly. In addition, CUU cu equivalent grade is higher than PGM which will help reduce the cost of production. CUU has stated a cost of production of copper at negative 0.32$/pound by the sales of their by products.
I'm actually new to this so please take my research with a grain of salt.
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07-16-2011, 06:49 PM
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#4553 | | Need my Daily Fix of RS
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Originally Posted by aznl3oi but keep in mind PGM has ~117M shares whereas CUU has ~374M.
The selling price for PGm was $1.35 in cash and 0.08136 of a Stillwater share, which equals about 2.7$ per share. if i was offered this for CUU ,i'd be happy, however i think this would be a "low ball" to the management.
also i took a look at their 2010 RE of PGM and at the .2% cutoff, CUU does indeed have less copper, but has a lot more gold, silver, and moly. In addition, CUU cu equivalent grade is higher than PGM which will help reduce the cost of production. CUU has stated a cost of production of copper at negative 0.32$/pound by the sales of their by products.
I'm actually new to this so please take my research with a grain of salt. | I would just focus on the market capitalisation (not the share price). Or as a very general rule for copper, approximately $0.05/lb in the ground. CUU has about 6 billion pounds of M&I copper, so 6 billion X 0.05 = $300 million, which is about half the current market cap. On this basis, I think CUU is still overpriced.
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07-16-2011, 06:55 PM
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#4554 | | Need my Daily Fix of RS
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Originally Posted by DOHCVTEC I would just focus on the market capitalisation (not the share price). Or as a very general rule for copper, approximately $0.05/lb in the ground. CUU has about 6 billion pounds of M&I copper, so 6 billion X 0.05 = $300 million, which is about half the current market cap. On this basis, I think CUU is still overpriced. | what about the gold, moly, and silver?
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07-16-2011, 07:24 PM
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#4555 | | Need my Daily Fix of RS
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what i think CUU is going for is becoming a producer of the copper which would yield a lot more shareholder value and company value: 2.90/lb (conservative price in the RE) against 0.04/lb.
Their targeted drill zones right now for testing are actually starter mine spots as well.
Longer this goes on the worse it is for teck and higher value the company will gain.
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07-16-2011, 07:49 PM
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#4556 | | I don't get it
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Problem is these mining stocks aka CUU take forever to load up. Wouldn't be suprised if this drifts lower until some real news happen.
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07-17-2011, 12:36 AM
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#4557 | | I *heart* Revscene.net very Muchie
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Originally Posted by DOHCVTEC On this basis, I think CUU is still overpriced. | overpriced at $1.50?? that's very worry some
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07-17-2011, 01:20 AM
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#4558 | | Need my Daily Fix of RS
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Originally Posted by Stormspirit Problem is these mining stocks aka CUU take forever to load up. Wouldn't be suprised if this drifts lower until some real news happen. | yeah these mining companies do take forever to release any plans or news. Hopefully something happens soon for CUU ie. within the year.
good luck to all =)
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07-17-2011, 06:53 AM
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#4559 | | Need my Daily Fix of RS
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Originally Posted by aznl3oi what i think CUU is going for is becoming a producer of the copper which would yield a lot more shareholder value and company value: 2.90/lb (conservative price in the RE) against 0.04/lb.
Their targeted drill zones right now for testing are actually starter mine spots as well.
Longer this goes on the worse it is for teck and higher value the company will gain. | CUU are a small company, with about a dozen employees. They will not, and indeed do not want, to become a producer. Teck are obviously shrewd business people, and will not overpay for anything. Find who owns Galore Creek, which is close to S. Creek, and see what their market cap is.
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07-17-2011, 09:10 AM
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#4560 | | I contribute to threads in the offtopic forum
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majority shareholders have a fiduciary responsibility to minority shareholders and to the entity itself.
if the true 'value' of CUU is greater than $1.50, say $3+ (just to use a number), even cosidering the discount for buying the company as a whole, the majority shareholders/board cannot sell for $1.50, otherwise they will get sued for the difference (assuming its relatively easy to show the 'true' value of CUU)
some of you guys are as volatile as HELL with your opinions, one week its worth $10 the next $1 - can you please stop with your 'thoughts' and look at FUNDAMENTALS - long term there is a HUGE shortage for copper - CUU, it appears based on today's information, has a SHIT LOAD of copper that is a reliable and attainable resource - they are already 'in' with Teck to buy them out - companies like Teck, i'm sure, do not low ball like hell... furthermore, there are plenty of other cash rich major mining large caps who would snap them up for a fair price when the time is right.
i think anyone who invests on emotion and are calling for $10 or $1 buy outs should sell, take their money and put it under their mattress, as you are the dangerous types that will sell on a bit of fear.
large caps run on fundamentals, not low balls, emotions, or any other kind of BS - please remember this
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07-17-2011, 09:16 AM
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#4561 | | I contribute to threads in the offtopic forum
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Originally Posted by DOHCVTEC CUU are a small company, with about a dozen employees. They will not, and indeed do not want, to become a producer. Teck are obviously shrewd business people, and will not overpay for anything. Find who owns Galore Creek, which is close to S. Creek, and see what their market cap is. | CUU will not become a producer - that's not a problem, they will JV with a large cap who will produce and take their cut (bank roll the project for 50%? of revenues), CUU never would have and never will have any intention on producing - that's their mandate - exploration
Galore creek - JV between Teck (30B market cap) and Novagold (2.xxB market cap) - what's your point?
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07-17-2011, 12:14 PM
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#4562 | | I *heart* Revscene.net very Muchie
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expect CUU to recover slightly this week...
have no position btw
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07-17-2011, 12:18 PM
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#4563 | | My homepage has been set to RS
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I'd get a swing position if it hits 1.45-1.50 again
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07-18-2011, 07:51 AM
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#4564 | | My homepage has been set to RS
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In small swing position at 1.45 Posted via RS Mobile | |
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07-18-2011, 08:11 AM
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#4565 | | Need my Daily Fix of RS
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Back in CUU, at $1.45, but only with a small position though. Let's see how this plays out.
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07-18-2011, 12:11 PM
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#4566 | | I *heart* Revscene.net very Muchie
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got filled @ 1.47. good luck, for the 8th time...  :
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07-18-2011, 12:31 PM
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#4567 | | I contribute to threads in the offtopic forum
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Originally Posted by DOHCVTEC The Peregrine takeover, which has more copper and gold than CUU, was just done at $487 million. CUU's current market cap is $600 million. | CUU has more gold. They have 5 million ounces whereas peregrine has 1.5 million.
To compare peregrine to CUU.
We have have
-higher grade
-molybdenum
-silver
-this is based on 1% of the property
-Teck's option.
CUU has a NPV of $2.8 billion. CUU 23.5% of Shaft Creek should technically worth $658 million. Divide that by outstanding shares. It comes to $1.76.
I don't think the insiders would accept a low ball offer of $1.50 or anything below $1.76. The worse case scenario is that they won't accept any buy out that's below the $1.76 level. Even if they got most of their shares of 10 cents. They probably rather let Teck do all they work and they can sit their and wait for the mine to develop.
Say Teck doesn't back in on that 75%. Say they back in on the 50%. Our share of the mine is now worth $1.4 billion. Or $3.50 a share.
The potential of Shaft Creek is much larger IMO. The fact that CUU is in the final stage of developing a FS is already worth a lot. We are that close guys.
Good buys for the ppl who got in at the 1.40s.
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07-18-2011, 12:33 PM
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#4568 | | My homepage has been set to RS
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Interesting action today for CUU
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07-18-2011, 12:50 PM
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#4569 | | Captain Happy Bubble is my Homeboy
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anyone know much about LKY.V new someone a while back said he had inside information it was suppose to go up, but this was about 4 or 5 months ago which didnt really do much, and am now lookin at it again.
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07-18-2011, 12:53 PM
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#4570 | | I *heart* Revscene.net very Muchie
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Originally Posted by shawnly1000 Interesting action today for CUU | And the green begins  2.00 by end of week, will be my exit point lol
edit: better than I predicted wow, may see 2$ by weds... an easy 4k haha
Last edited by strykn; 07-18-2011 at 01:00 PM.
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07-18-2011, 12:54 PM
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#4571 | | My homepage has been set to RS
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What is up with CUU, are they expecting something tmw on SH?
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07-18-2011, 01:01 PM
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#4572 | | I *heart* Revscene.net very Muchie
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Originally Posted by shawnly1000 What is up with CUU, are they expecting something tmw on SH? | stock was being manipulated by MMs and was oversold, they are letting it go now + stifel back + more insider buys , I M O
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07-18-2011, 01:02 PM
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#4573 | | I contribute to threads in the offtopic forum
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Short covering? I have no idea. Good buys at 1.40s hahaha
Just saw this on SH. http://www.dailyfinance.com/company/...short-interest
Any news and these shorts would be scrambling for shares.
Last edited by highfive; 07-18-2011 at 01:19 PM.
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07-18-2011, 01:07 PM
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#4574 | | I *heart* Revscene.net very Muchie
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nice work today guys...fuck quick 15%+
was gonna get in at 1.50 but am holding on another stock for some news...not a lot but damn
think i should still jump in???
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07-18-2011, 01:10 PM
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#4575 | | I contribute to threads in the offtopic forum
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^ Long term. Yes.
^ Short term trade for a quick buck. Maybe not.
FEED is doing pretty well. I shouldn't have sold 1/4 of my position for the profits on Friday.
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