HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Message: I'm not so sure about that Poly

I'm not so sure about that Poly

posted on Apr 17, 2008 12:02PM

You make a valid point that he's not about to advise any of the investor's to "sell. " It just won't happen. Ever.

However, I think his conduct speaks volumes. In the monkey see, monkey do world, he bought a shwack of shares in his own company, and he's sitting on them. He may not be buying more at this stage, but he's not selling either.

I honestly think, and I've said this before, that by the sheer number of shares he owns, he has no hope of ever unloading those unless it is to a major. He is betting the highest stakes there are on the belief that his company and the discovery are history-makers.

Someone over at FWR sold 100K shares and the squawking from the peanut gallery was deafening. How much worse would it be perceived if Nemis were to sell shares NOW???

I don't think we'll be seeing him selling any shares, but that's JMHO.

GLTAL

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