Ann: Result of UK Placing, page-112

Wouldn't make much difference IMO if Copper was $4 or $4.50/pound (better that is is $4.53 for sure). All it means is it may put more pressure on a deal getting done and potentially bring some potential interested parties sitting on the fence closer to progressing a deal.

CLA is not trading based on commodity price or copper in ground at this point, it is trading on the likelyhood of deal being done. Buyers are nervous because SVM hold alot of cards. They lose that if just one other interested party comes out of woodwork. For that reason I am holding and adding but I still remain cautious as SVM have Hume by the balls (or do they?).