Re: Consider this

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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bettzie

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Re: Consider this

in response to

Consider this

bettzie

posted on Aug 22, 2010 10:44PM

In response to PM, I emphazised the financing because this acquisition and SPQ is over $925,000,000 and their balance sheet showed $525,000,000 in cash as of June report. Where would NOT purchase price come from?

In addition, the record shows volume and price spikes for FWR and SPQ for weeks prior to offers and I do not see that here. To the contrary the price simply rose to just 3 cents over Thursday's close and it is still too low with both price and volume to add fuel to hostile bid rumor. JMO.