Re: How much oversubscribed?

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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Francis Dube

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Re: How much oversubscribed?

in response to

How much oversubscribed?

Vick

posted on Aug 10, 2009 07:50AM

Apparently, on Friday, Noront and WW decided to increase the PP to a max of $25 giving us a $5M over allotment. Some individuals who planned on buying X amount of dollars were told they could only get half of those dollars. So expect people that sold on the market on Friday to take advantage of the over allotment to buy back some of there position in the public market. The fact that by Friday afternoon they already had the original PP of $20M filled is very bullish. Once this is announced, hopefully at some point this week, we should see a good bounce in our SP!