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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Message: Re: takeover reality...so, if history means more than bunk, reality would...
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Aug 21, 2010 05:09AM

indicate $1.26 x 21%=$1.52 offer and of course we, as long time holders of not would be ecstatic at such a generous offer. i mean 21 % over a friday close, who could argue? certainly the sharholdeers of the acquiring company might even think it too generous an offer.

the bod 'boys' might also be thrilled and not worry even about instituting any shareholder rights plan. REMEMBER, WHO NEEDS IT AND IT CAN BE restarted in an instant even though history would also indicate the plans don't work too well.

not sure what the institutions who bought in at $4.80 would say but a few incentives could be worked out for them.

so if frank says he thinks we might not be happy if he's heard correctly about a sooner than later attack/buyout, and if fwr/spq are both relevant in history's takeover scenario, don't look for a price much higher than my proposed dollar value.

truly sad.

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Aug 21, 2010 07:50AM
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