Snezzer - Don't worry be Happy :)
in response to
by
posted on
Feb 06, 2008 10:10AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
It is clear that you did not understand my "bedtime story". Pewrhaps I was too subtle? Anyways, let me try this...
Your concerns and comments are entirely valid, but one hopes, irrelevant to the longer outcome. If this find is as large as I believe it to be, then it really does not matter that the management has chosen to utilize a small private placement, or indeed, many private placements. The concept of share price dilution is as odious to me as to anyone else; however, if those of us Longs are anywhere close to being correct about the sheer magnitude of this find, then anything that happens over the next little while is not going to have any significant impact on our making out like bandits.
If we're wrong about the magnitude of the find, (GULP!) then this private placement ain't going to matter once I take a header off the CN tower.
But we're not wrong. The drills have been telling a better story than anything I can come up with.
If management thinks that it is a good idea to have a little something extra in the kitty, so be it. If they want to JV all over their acreage, fine and dandy. How can we second guess any of this given their accomplishments to date? Short answer, I won't, and it's got nothing to do with promoting Richard to Diety status.
I just think the guy knows what he's doing. And the truth of all this is...so do you!
You will never hear me say that the comany will or will not do X or Y. How can I possibly know that?
All I know is what I have seen with my own fuzzy warbles. I have held part of that magnificent core (from hole 5) in my hands.
The rest is window dressing.
Why not join me for a little snooze, Snezzer? You are on the right path, concerns and all.
Back to sleep.
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Wake me at $20.00
crazydik