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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: louel who wrote (9922)	3/11/2016 3:28:29 PM
From: explorationguy	3 Recommendations Recommended By Hog Head mahzman2 minder Read Replies (1) \| Respond to of 10654

Those shares were not part of the JV as per 6.4: b) Copper Fox is the registered owner of 29,342 common shares of Liard (the “Copper Fox Non-JV Liard Shares”). The Copper Fox Non-JV Liard Shares are held by Copper Fox for its own benefit and, except as provided in §6.5(c), are not subject to this Agreement and are not part of the Assets. I don't know why they were not included but the usual suspects include not agreeing on a value. Perhaps it was an attempt at including some leverage in the deal. I didn't like the JV since it had no real leverage as Salazar did. Based on a large number of deals I've seen junior resource companies make with bigger companies, there is a need to protect the asset. If there's no "shit or get off the pot" clause then you place yourself entirely at the mercy of someone else's business plan. I saw that risk in 2013 and we will find out soon when the JV "action" plan for 2016 is revealed. We may find the emperor has no clothes.