Selling is beginning to heat up. It's funny that when you can smell it coming there's going to be a sell off. So perhaps the rumours of the BFS getting sent back are true after all. With so much brain power unleashed on it how could they possibly get it wrong. The Moose worked on the mine plan as the uber overseer and the company did tell us it was done way back in Sept. on the 25th. From there 1.5 months have passed and the early date, if you want to call it that (today), is passing. So they spend all this time on reviews and the economics portion and there's no end in sight.
Some people think this is because Elmer is out of office. So he knows there's plenty of time to go to Az while something else is done with the BFS. Did Teck take a holiday and the two sides agreed to meet when Elmer got back? That would give Teck a couple of days to look it over. Then, say, on Friday they meet and have a quick discussion. They could write the NR over the weekend or if it's already done they could halt Friday.
Some people, today, still insist the BFS is not coming. The idea behind this argument is that Elmer sees that it will take a lot more time so he might as well go to Az. He's obviously not concerned that he'll be needed currently. If there was any rush or urgency he would not have gone. Some of the ideas here: http://goldcoppertungsten.blogspot.ca/2012/11/copper-fox-cuuv-update.html are cited as being correct.
I'm thinking the day is not over yet but the sp is currently sinking. Perhaps the market is right and selling is in order. Perhaps it's people who've been so screwed by these chronic delays that they are forced to sell and were only holding on out of desperation. If the volume shoots up and the sp drops we'll have our answer.
I've been expecting a drop just prior to the NR but I was expecting a much higher volume. Since the volume is not materializing the battle has not started.
So now comes the question of how to exploit this? Looking at who's trading shows an attempt by small share holders moving in and out. We're talking 5k trades. Not much to see there folks. I think if it wasn't for that the volume would be near zero. This suggests no news is pending. Without real volume there's not much that can be done besides selling. There's very little up for grabs that doesn't come at a premium and so far no takers for those. So HOLD.
On the bright side did you notice BHR and HPY? Nice.