Word of Caution: Some of you despise rumor spreaders, so please don't read further. If you do, then blame curiousity as source of your hypocrisy, and hope your not a cat.
What's obvious is FWR.V SP is rising due to offers. $.86 offer and FWR.V climbs up in .70's, witihout their own NR. Rumorville is Noront's been saying no to (its called "considering") offers of not quite $10.00 for a month, but NOT.V continues to be between $2.00 and $2.30. Besides Wes releasing a NR this week which should take us optimistically to $3.50 (probably settle at 3.20), it wouldn't hurt to seal the deal with the FWR.V offer if the sources of leaks would open the faucet a little. Or if Wes would just announce an offer he's considering (not sure if offeree would appreciate that though). I suggested this to someone in NOT.V management that obviously if NOT.V could at least get an official 10.00 offer out there, then our SP should be...? $8.00.
Results:
1) $8.00 NOT.V SP combined with current NOT.V offer would seal this FWR.V offer as all dual shareholders smile with happiness of good holidays
2) FWR.V shareholdes remain in ROF with currently 10-15 mil nickel and hell of a lot of chromite.
3) Other Majors will begin salivating. Prior, we were a small appetite, we would become the main course.
4) We on boards would stop fretting about pittiful silly sub $3 ups and downs.
I don't think a $10 offer has anything to do with chromite by the way. Some sideline company CEO's suggest that, with FWR.V chromite monkey off their back (win or lose), Noront's SP will finally get moving. Obviously Wes and co are hunting for more then $10. At some point we explorer investors must move on with our lives and let those with patience become developer investors. However, Wes is correct when he said that they've replaced explorer NOT.V management with developer management experience. So I'm a little confused about combined management team of developers and hedghogs. So the question is, are they saying no to current offers due to hope of higher offers or is it no because they want to develop.
Side Note: if in the course of coming months FWR.V offers continue to increase at current rate what will FWR.V be in 2010? Also, if Mr. Nemis entertained offers of $5 (one offer was a lot more so I surmise) when NOT.V was at 3 million, how many offer increases have they considered since then and by whom?
thanks for the endulgence of this post -probably results of my frustration of staring ar a 2.00 sp on my portfolio and no more money to buy.
-SG