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: Glencore on commodities.
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Think about this....

  • Your the CEO of a company with a 15 million dollar debt
  • You can do a PP anytime you want, and each time you do a PP your successful and manage to garner several million for the company to use
  • Yes...PPs are good to maintain operating costs, explore with drilling and pay everyones wages BUT...They can also be used to pay off debt..If I am not mistaken...bit by bit without significant dilution, or risking an entity on your board from slowly controlling your company
  • Instead, you choose to hold onto a loan that could easily be erased with a well placed PP or two, and are now in position for a potential hostile takeover

Now tell me, as the CEO.....Why didn't you see that coming?

TM.

 

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