Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: One final thought
5
May 22, 2013 12:47PM
1
May 22, 2013 01:21PM
6
May 22, 2013 02:53PM

Another final thought. This is the exact same proposal as last time and Cliffs was the volume that said no to it. It is not a reverse split because the current single share still exists and is marketable. As long as the single shares continue set market price there is no issue. Meaning as long as singles continue to trade at the minimum 1/2 cent increment (which forces bundles to only trade at minimum 25 cent increments) there is no issue. I think the 1/2 cent is a market rule so we should be okay. That being said, anything that would increase demand is upside in my books. Only downside wouild be a phase 2 plan that eliminated single shares subsequently as that would be a revese split.

3
May 22, 2013 04:41PM
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