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Gold/Mining/Energy : Copper Fox
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To: louel who wrote (10114)4/14/2016 8:28:48 AM
From: explorationguy  Read Replies (1) of 10654
 
I think there's a good possibility that they will flip the property back to CUU and get a good payout for a few days work. An early stage, remotely located copper property is not worth much on the open market. Since CUU and I believe EE, are major shareholders and have some cash, then they will certainly push the new owners to accept a deal. CXM management will have to fall on their swords unless they can get the property back based on some legal technicality. The wording of the press releases, first one should come from CXM, will give an indication of what's happening. I don't recall seeing anything about Eaglehead that looked promising to me but CUU has invested too much to give up without an attempt to get the whole property and salvage this disaster.
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