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blkgsr 04-01-2011 08:58 AM

Quote:

Originally Posted by highfive (Post 7370575)
My bad if I explained poorly. This is what i got from CUU website.

what you bolded is exactly what i said....teck can only back in for a max of 75% of the PROJECT, NOT of the COMPANY

Quote:

Originally Posted by highfive (Post 7370575)
Basically, I think it's more worth it for Teck to buy out CUU completely instead just keeping 75% interest or less. Leaving CUU around with a 25% interest on a mine like Schaft Creek will create an opportunity for players to step in or take advantage.

them buying out the COMPANY would be a whole other deal...not just 75% of the PROJECT



BIG difference between the project and the company (well maybe not since shaft creek is their only project) but still two very different things

DaFonz 04-01-2011 09:45 AM

Short the fuck outta SBAY.

Ghetto china companies ftw. In at 2.34.

highfive 04-01-2011 10:16 AM

Quote:

Originally Posted by blkgsr (Post 7370912)
what you bolded is exactly what i said....teck can only back in for a max of 75% of the PROJECT, NOT of the COMPANY



them buying out the COMPANY would be a whole other deal...not just 75% of the PROJECT



BIG difference between the project and the company (well maybe not since shaft creek is their only project) but still two very different things

My bad, I went back to look at what I was trying to say.

I'm just saying once the FS is out, the 120 days kick in.

Teck has the option at that point to buy back in 25%/50%/75% (max).

Depending on what Teck does, CUU may end up having 25% to 75% interest.

Or Teck might just want to buy out CUU completely instead of just retaining 75% interest by paying $200 million and organizing the financing for CUU's share as well. IMO, why would Teck do all the work in putting the mine into production and giving CUU a 25% interest at the same time?

Sorry I wasn't clear. haha

blkgsr 04-01-2011 11:55 AM

ya but the last part isn't up to teck...they would have to do a deal with CUU on buying them out totatly seperatly...and why would CUU even want to sell out to teck?

plus, i don't think teck has the money to buy them all out....it will be interesting to see if they can do the max 75%

you're making it seem as though teck as the ability to do what ever they want the the CUU board just has to go along with it

teck only has the ability to buy back in for 75% max.....nothing more

you know the board of CUU will charge them a damn fine amount to buy out the whole thing....and teck won't be able to afford it

CUU would sell their 25% to CIC (China Investment Corp) if anything....BILLIONS sitting waiting to be spent

highfive 04-01-2011 06:14 PM

Yes the CUU board will charge them quite a bit for the whole thing. But the longer Teck waits to buy them out, the more they will end up paying. It's probably better for Teck to pay now for CUU and then sell portions back to say CIC. The problem is exactly what you said, whether it's enough for the CUU board. $1.5 billion? $5 billion?

suzuka84 04-01-2011 07:33 PM

Quote:

Originally Posted by DOHCVTEC (Post 7370602)
Westport is indeed a great technology company, and I have several classmates from UBC who are currently working for them and they all say the same thing. What is even better, though, is trading Westport stock. I say that because the SP is both predictable and volatile, which is great if you can stomach the roller coaster rides. I have been actively trading it for nearly a year now and the SP jumps whenever Obama or congress mentions natural gas. It's almost a joke. But right now, at its current market cap of nearly $1B, it looks a bit beyond its fundamentals, so I just sold my position.

Ballard Power looks good though. They just leased some lab space to Daimler, which should reintroduce some creditability. And at a market cap of under $200M, it's dirt cheap. Just their patents alone are worth that.

we share the same philosophy. I've been a shareholder for both companies since 2006. I also have a friend at Westport and judging by the people they hire out of UBC, you can't go wrong. If any of you guys know engineers at ubc, ask them about E-Mechs. E-Mechs are cream of crop at UBC Engineering.

I got out of Westport last week at $19 and it's up to $23 now. WOW.

DOHCVTEC 04-02-2011 04:03 AM

Quote:

Originally Posted by suzuka84 (Post 7371594)
we share the same philosophy. I've been a shareholder for both companies since 2006. I also have a friend at Westport and judging by the people they hire out of UBC, you can't go wrong. If any of you guys know engineers at ubc, ask them about E-Mechs. E-Mechs are cream of crop at UBC Engineering.

I got out of Westport last week at $19 and it's up to $23 now. WOW.

I got out of Westport at $18 after the rise in Feb, having bought in around $15. I should have held. Hindsight is always 20/20! I'm still holding on to my BLD shares though, which were bought at around $16 during January when the SP was mostly sideways.

On a side note, I bought some LUN at $7.10 on your recommendation, backed by my own DD. I see it closed at $8.33 Friday - thanks for the tip. I'll probably hold until mid next week, however, because when the big boys start dumping their shares LUN will drop very quickly. But that's if FCX doesn't step up to the plate and bid.

DOHCVTEC 04-02-2011 05:07 AM

suzuka84: What do you think of Lucara Diamond Corp (LUC)?

Lukas Lundin just bought a million shares a few days ago:
http://www.canadianinsider.com/coRep...php?ticker=luc

TRDood 04-02-2011 08:18 AM

Hmm. So April is here. CUU is still not even at $2 yet? :(
Posted via RS Mobile

suzuka84 04-02-2011 08:30 AM

Quote:

Originally Posted by DOHCVTEC (Post 7372056)
I got out of Westport at $18 after the rise in Feb, having bought in around $15. I should have held. Hindsight is always 20/20! I'm still holding on to my BLD shares though, which were bought at around $16 during January when the SP was mostly sideways.

On a side note, I bought some LUN at $7.10 on your recommendation, backed by my own DD. I see it closed at $8.33 Friday - thanks for the tip. I'll probably hold until mid next week, however, because when the big boys start dumping their shares LUN will drop very quickly. But that's if FCX doesn't step up to the plate and bid.

I dumped all my LUN on Friday. LUN put it in a shareholders' right's plan to stop the takeover by Equinox. For takeovers to work, you really need the companies to have the same culture. If you're taking over a junior miner via hostile takeover it would not matter as the mine and culture have not been set, it's a different beast altogether when you have multiple operating mines. At the current price it represents a good exit point.

I don't follow any diamond companies as the whole diamond market boggles my mind - artificial demand and supply.

iam_dan 04-04-2011 06:38 AM

lol oh shit
EQN went up by 31.5% due to china's bid

gdoh 04-04-2011 07:21 AM

Quote:

Originally Posted by TRDood (Post 7372115)
Hmm. So April is here. CUU is still not even at $2 yet? :(
Posted via RS Mobile

just be patient, if ir says a couple weeks most of the time its not really a couple weeks. and news doesnt always go according to schedule

edit: remember when i told you guys about RVC around 5$ =] look at it now

blkgsr 04-04-2011 07:23 AM

nice to see OPL back up over $1....i just hope it's for good and that it holds this time

!LittleDragon 04-04-2011 09:28 AM

Just picked up CSCO and NYB. Watching NVDA, waiting to reload again.

suzuka84 04-04-2011 03:36 PM

do any of you guys follow Ngex?
it's the exploration arm for Lundin Mining and it has been on a tear.

I hope you guys got out of Lundin. China's bid for Equinox is contingent on the company dropping out of Lundin. You have to love these guys. There's no way any of them would sell the company during the financial crisis, now that things are back in full swing the hunters become the prey.

suzuka84 04-04-2011 03:37 PM

Quote:

Originally Posted by DOHCVTEC (Post 7372056)
I got out of Westport at $18 after the rise in Feb, having bought in around $15. I should have held. Hindsight is always 20/20! I'm still holding on to my BLD shares though, which were bought at around $16 during January when the SP was mostly sideways.

On a side note, I bought some LUN at $7.10 on your recommendation, backed by my own DD. I see it closed at $8.33 Friday - thanks for the tip. I'll probably hold until mid next week, however, because when the big boys start dumping their shares LUN will drop very quickly. But that's if FCX doesn't step up to the plate and bid.

WPT up another $2. It's now above $25. Talk about leaving money on the table.

ooops 04-04-2011 06:21 PM

ooops. sorry wrong post.

leilomo 04-04-2011 11:40 PM

suzuka84, have you looked at LIM before? stocks been on a tear since late July. Low float, iron ore production starting this month, iron ore prices going up and up, and looks to be a good takeover candidate. Good management too. This is my favourite stock, been in since $3.94 :) :)

in 2015 with appx. $9/share in earnings and applying a conservative p/e of 8, you get $72! I think this'll be a good place to park money for a while ;)

blkgsr 04-05-2011 07:06 AM

in since $3.94...nice

i'd like to hear more about this one for sure

blkgsr 04-05-2011 07:06 AM

just looked at the chart, that is a NICE climb since aug

is that when you got in?

shawnly 04-05-2011 08:06 AM

woahhhh CUU new 52wk high, wish I'd reloaded some more the other day

Did anybody watch the BNN interview with Elmer (CEO)?
Definitely seems to have been behind the pop

http://watch.bnn.ca/#clip444799

shawnly 04-05-2011 09:04 AM

WRPT (Westport) Halted

DOHCVTEC 04-05-2011 09:22 AM

Quote:

Originally Posted by shawnly (Post 7376303)
WRPT (Westport) Halted

Fuck, I never want to hear the name Westport again....fucking why did I sell at $18?????? fuck fuck fuck

highfive 04-05-2011 09:28 AM

I knew they CUU planning to mine 120,000 tpd but keep the capacity to 150,000 tpd. I realize they're targeting 180,000 tpd capacity for the mine.

shawnly 04-05-2011 09:31 AM

http://finance.yahoo.com/news/Heckma....html?x=0&.v=1

HWR has issued a purchase order for 200 Peterbilt 367 liquefied natural gas (LNG) trucks incorporating Westport Heavy Duty Systems (Westport HD), from Westport Innovations Inc., a global leader in alternative fuel, low-emissions transportation technologies.


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