Once the resource study/fesability study come out later this month (hopefully). We'll know the value of CUU and the way management is acting, they are looking for investors willing to finance this project. I hope a chinese company would bid the SP up to 10-20.
I saw one of Vette's posts and this is the stuff where I get skeptical about.
Quote:
What would make sense is CIC, they choose Toronto and not New York, they backed Teck by buying 18% ,
They have 300 Billion of us $$$ (toilet paper) to spend on Canadian resources......NO BRAINER.....
CUU could end up with an offer for the 60%...my suggestion, by as many shares as you can while you can.
If someone decides to short this and get's hit with a Halt on a buyout offer....they are going banckrupt !
http://investing.businessweek.com/re...capId=38951295
China Investment Corp opens Toronto office - report
In what would be its second office outside mainland China, the sovereign wealth fund is planning to announce the new office on Friday a source with direct knowledge said.
Author: Kang Xize and Don Durfee (Reuters)
Posted: Wednesday , 19 Jan 2011
BEIJING (Reuters) -
China Investment Corp. CIC.UL, the country's sovereign wealth fund, plans to open a Toronto office, its second outside mainland China, a source with direct knowledge of the matter said on Wednesday.
CIC, with $300 billion under management, plans to announce the new representative office on Friday, said the source, who declined to be named.
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He made post that seems like he's pumping the stock.
BCG up a cent blkgsr.