Funkey-HIGHSPEED
posted on
Oct 06, 2017 11:33AM
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)
Funkey,
Highspeed..everything…
10 years is not what I would call highspeed.
The ultra low speed did accomplish a lot …though.
Ultra low speed allowed for incredible low priced consolidation for both property and shares
And of course none of this could have been achieved without the help of the FN.
=====================================================
The article below is a great reminder of tactics used in the …..past… my favorite paragraphs …pasted below..
The loss didn't send Davis into a funk. Within months, he had found another target, this time in Toronto. It was the summer of 2005. It should have been obvious by then that Davis would eventually land in Canada.
Brookfield knew a buyer for the 20% would emerge quickly because Falconbridge was a big name, with enviable assets and rising profits and cash flow. It was the world's fourth-largest producer of nickel and copper, fifth in zinc and owned 10% of the primary aluminum market in the United States...
Xstrata snapped up Brookfield's Falconbridge stake for $28 (Canadian) a share. The price tag: about $2 billion (Canadian). It wasn't control and it wasn't a blocking position, but it gave Xstrata a head start over every other potential contender.
Delighted that Inco was botching the job in Brussels, Davis pounced. In May, Xstrata bid $52.50 (Canadian) a share for Falconbridge. The bid was carefully timed. It came right after the expiry of Xstrata's "top-up" agreement with Brookfield. While in force, it had required Xstrata to pay Brookfield the difference between the $28 (Canadian) a share Xstrata paid for the first 20% of Falconbridge and any higher price it paid for control of the company.
At that point, it looked like Inco was on the verge of snatching defeat from the jaws of victory. But one more surprise was to come. In June, Inco (by then being stalked by Teck Cominco, as if things weren't complicated enough) recruited Phelps Dodge to help finance a higher bid for Falconbridge. The plan was that Phelps would in turn buy the newly merged Inco and Falconbridge. Inco finally got European approval for its deal on July 4, but by then it was too late. Falconbridge shareholders, about half of whom were hedge funds or takeover arbitrageurs with notoriously short attention spans, were getting surly. They decided Phelps's audacious triple-merger play was risky and came with insufficient cash.
Pannell's masterful auction had made Davis work for his victory, forcing him to pay $62.50 (Canadian) a share, about 2.2 times the initial offer.
If you look at Noront…you’ll see RCF holds approx. 20% of Noront, much like Brookfield did with Falconbridge.
Who is hiding behind this 20%? Or is the 20% up for sale at a pre-arranged price? It sure would provide a good head start over other contenders…
But how to make the eventual victory…easier..?
Did we see a recent example of that?
We get a road announcement for the East west road on August 21, 2017.
The video could not have been more clear…and left no room for any misunderstanding. Clapping FN’s and a straight to the point road announcement by Wynne.
Yet shortly after, the east west road turned into a further study? The “claim” was…it was a misunderstanding? How?
And not a peep from Gov’t. Nothing to be found in media questioning what exactly happened here?
I’ll say it the way I see it.
Other than the obvious “trading win” …for some ..that were aware of the “wax on-wax off” move
this “show” on the week of August 21, 2017.. sent a clear message to ….contenders..for the ROF.
The ROF can be slowed down when “called upon.” Contenders…back OFF.
Remember the quote from “Tom Goldtooth?”
If I was a “contender” eyeing Noront…the “show” on the week of August 21 would leave me chanting….wax on wax off…ROF on ROF off, wax on wax off…ROF on ROF off.
My favorite cliff below with Daniel-san…wax on wax off. The most meaningful clip in the history of movie making.
The lesson here was…sometimes you have to look deeper to see the true meaning.
https://www.youtube.com/watch?v=2ynryUjGFt8
“Someone” ..invested a lot of time & energy…positioning themselves in the ROF much like Daniel-san’s time spent… in the historic clip above.
Daniel-san “got it” …at the end of this clip.
I think the contenders…”get it.”