Re: Wyloo vs Nov 9th

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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Hobbit

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Re: Wyloo vs Nov 9th

in response to

Re: Wyloo vs Nov 9th

Peter Marshall

posted on Oct 12, 2021 05:16PM

I'm inclined to agree with Fahrenheit451 - basically a clean slate on Nov 10.

However, to date, Wyloo is under no obligation to do anything. All we have heard is via non-binding press releases (plus a plethora of news about Forrest buying up the world), and that Wyloo and the BOD are working on an agreement.

So, if nothing happens between now and Nov 9 (e.g. Wyloo and the BOD can't come to an agreement, BHP doesn't up their offer, and #3 doesn't come out of the woods) and the BHP offer just expires, we are almost back where we started - NOT is unchanged except that Wyloo now holds 37%.

Isn't that exactly what Wyloo wants, other than replacement of the BOD? And they wouldn't have had to cough up a dime to get it. If they want to replace the BOD, they could do that at the next AGM.

Only time will tell...

It's an interesting game Wyloo is playing - and at the rate Forrest is spending money, he may not have much left for NOT anyway! But that's probably how he made his billions in the first place - by paying pennies for millions (or should I say by NOT paying pennies for millions?).