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

To: louel who wrote (10114)	4/14/2016 7:36:28 AM
From: mudguy	1 Recommendation Recommended By Tap66 Respond to of 10654

I was tied up for the afternoon yesterday, but I see the market traded almost 1.5M shares. It is outrageous that CUU was not halted given this material news, but I suspect they can weasel out of that obligation through the corporate structure. My understanding of this is that the root of the issue lies with CXM, not CUU, so CUU is being taken along for the ride in this folly. The market response was pretty interesting. I still think that losing Eaglehead is actually good news for CUU, as the future cash obligation was large, and the prospects for monetizing it were slim. Now it represents one less cash drain and reason to raise funds and dilute CUU shareholders. Yes, they lose their investment in CXM (because it would appear to be worthless now without the property), but they had already lost about 50% of it to the market. I am sure they can get the $1.5M for the 2016 program back, if it was transferred yet anyway. As I said yesterday, where there is smoke, there is fire. Whatever minimal confidence I had in this management has now disappeared. I would hope that shareholders will rake management over the coals at the AGM and I would table a motion of censure towards management. Even if if the vote is unsuccessful, they need to defend themselves and their actions. Sadly, those that have the greatest stake in this company seem unwilling to put some heat to management and prefer to post on forums rather than protect themselves and their interests.

To: louel who wrote (10114)	4/14/2016 8:28:48 AM
From: explorationguy	Read Replies (1) \| Respond to 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.

To: louel who wrote (10114)	4/14/2016 10:04:34 AM
From: specboy2012	Read Replies (1) \| Respond to of 10654

These are all great thoughts but no matter what its not a free ride.Negotiating the claims back for this gawef would require more money more dilution.There can be no good out of this "mistake" to the coveted "cash" of these companies ultimately retail shareholders.Until news is released we are all assuming.Post on AG claims CUU is negotiating to get claims back.Well that would be the obvious thing no doubt but if true let stakeholders know that you lost them first.One uk up after another.