Anyone know NOT's cash position? 

A couple of thoughts. 

1) Unless I'm missing something, wouldn't any NOT merger with or purchase of SPQ's shares cost some bucks?  If they don't have any bucks in the cash register, they would have to go to the market for more financing.

2) If NOT was to make a non-cash offer (NOT shares for SPQ shares), how would that affect NOT's share price?  Would this be dilutive?

For my money, I think any merger talk may be premature.  Moreover, I think Spider's 2008 winter drilling program is key.  I don't think SPQ has an inferred mineral resource yet! (CIM standards: inferred, indicated, measured)  Although things look really good, would NOT purchase SPQ without more drilling in order to ascertain what sort of mother-lode we have?  Maybe, maybe not.

Snug