Re: Rumour!
in response to
by
posted on
Aug 08, 2008 12:42PM
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)
Don, in all respect to PNP as a major shareholder, they are doing far worse in this market than NOT. Assuming the pressure so called or rumour were from PNP, it will turn out to be a pile of ... . Any input that our shareholders wish to provide to RN seems to be openly received. RN has done a masterful job navigating in these shark infested financial waters. Having said that, I have also alluded in my earlier posts to the potential necessity of acting early to bring Windfall to greater potential and spinning it off . That is a way of avoiding the dilution that the cartel of major mining outfits will inflict on NOT if we try to reach for too many brass rings at a time that funding becomes limited. Windfall may need to go a little early if we want to realize the potential of McFaulds. I would however favour holding a major position in Windfall if a major and serious development partner can be found. Also, RN is a huge shareholder and I cannot imagine him entrusting his fortune to a PNP or a Sprott who are not operators. Nor can I imagine him selling his stake to them at $3.00. I think this rumour is simply the dubious product of overactive and frustrated minds as it presents an ultimate dilution scenario that is the worst possible for small shareholders.