Who's behind the $2.75 PP

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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Boatboy

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Who's behind the $2.75 PP

posted on Feb 24, 2010 09:06AM

They have been extremely quiet about who fell on the sword here. I would expect that eventually this would have to be disclosed through SEDAR but the small nature of it might allow them to keep it silent.

I also have difficulty understanding how this could be a penalty PP. Who would promise to vote shares in such a way that they would be fined/lose by the court system?...'I promise to vote my shares with you and if I don't I'll pay you $2.75 per share for x shares' Does this pass the smell test?

This seems more plausible to me... 'We want to buy FWR and will outbid you to the end. You back off & we'll make it worth your while and give you some $ to bring in the deep drills for the nickel that we could also use to produce stainless steel'