Very interesting! Up until a year ago, I had thought that this was such a tightly held company that Randy personally knew all the big investors, such that there was no concern over a hostile takeover. A year ago the company instituted the NCIB at which time they also stated "The Company is of the opinion that the current share price does not accurately reflect the true value of the Company's assets". Apparently that has now come to a critical mass as we now need to hire a firm to institute an SRP - which probably means the implementation of a "poison pill". It has been established via the updated NI 43-101 that we have a lot of nickel. Apparently the next 2 reports will look real good if management thinks they need to protect the company from a hostile takeover? I know that management is somewhat biased, but this is now the second form of action they are taking to emphasize that this stock is way underpriced. I have a pretty good idea why, but would love to know for sure what management bases their opinion on. I agree with whaler - get those 2 reports out, the market will accurately value the company once they get to know the facts.

In either event, they have hired Clarus to assist them in "reviewing all options that will enable it to unlock value". Wasn't that the same phase that was used in the spin-off of Jasper? Hopefully the current value unlocking thing works a lot better/faster then the previous one!