Re: We have an iceberg bid by National at $1.47. EOM

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: We have an iceberg bid by National at $1.47. EOM

in response to

Re: We have an iceberg bid by National at $1.47. EOM

rwinger7717

posted on Feb 11, 2010 02:35PM

An iceberg bid is a bid that the true size is hidden. It is usually institutional although brokers can do it for their retail client. Icebergs are usually a sign someone wants to accumulate shares without revealing themselves too much. When the iceberg showed up, others jumped in and bought out $1.48 and and $1.49. Now we have go eat thru the $1.50 and then hopefully we can run a little ;-)