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stockibot

01/30/10 12:24 AM

#53015 RE: WMH09 #53014

Not one offer, but two!

I don't know who was speaking WMH09, but I heard it too..
(starting around the 9:01 mark on the timer)

The speaker says, "a Chinese group came thru about a year and a half ago and wanted to buy the whole thing from Mark and give him a check". Then he said, "they were gonna give him a check for more than what Kennecott was". The tape ended with him saying how Mark politely turned them down, but I couldn't hear why.

richard.w

01/30/10 3:01 PM

#53054 RE: WMH09 #53014

Yes, we got into a conversation about interest that others have had in CPRK. Rio Tinto was refused because they have a reputation for buying properties and closing them down and sitting on them. Mark wants this mine to remain in operation. A China buyer was mentioned too, but I believe that was refused based on it still being too low of an offer. Walt had said that the Rio Tinto offers were very low, and even though the China offer was better, it was still a low ball offer. Mark knows that this property is worth a lot of money.

This is all from Walt, not directly from Mark, but I believe that it is should be a fairly accurate representation.