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)

Free
Message: Pinetree/Freewest
Reply New Message
Prev Message Back To Forum Threaded View Next Message

A quote direct from the Pinetree NR:

"Pinetree is a diversified investment and merchant banking firm focused on the small cap market."

Taking this into account, I think that Pinetree aquired these shares to tender to NOT. Aferall they are in the Small Cap Market, and Cliffs is not a small cap company. Doesn't fit their own stated investment profile if they end up with Cliffs shares.

Am I missing something here? Pretty sure that Pinetree is accumulating FWR to try and get the NOT/FWR takeover through.

20 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply