Every one has their perspective and are posting just such.

But no one else is looking at the underlying reasons as to why SPQ is proposing this UNNEEDED PP.

SPQ's BoD is not providing ANY Reason/Justification for seeking this 19.9% Buy In PP. They clearly DO NOT NEED The FUNDS.

FWR has entered into a REVISED JV Agreement with both SPQ and KWG. And KWG has agreeded to this JV Revision. That is likely the most amazing NEWS EVER. KWG agreeing to anything in so short a period of Time!

And the Single Point to be taken from the Revised JV Agreement is that there is NO LONGER REQUIREMENT to complete a "Bankable Feasibiklity Study". Very important point to tuck under your hat!

UC Resources is proceeding with the Final Stage of their SPQ/KWG Earn In on their JV Properties. All of which are smack dab on the Rich Mineral Trends giving NOT and FWR so much Excellent Drilling Results. And UC is very well ahead of schedule on completing that Earn In Agreement.

UC just raised $1 Million to get the final stage of their Rean In completed and intend to complete the Earn In in just the next 2 - 6 weeks!

NOTE that UC raised ONLY Enough Cash to get the Earn In completed. No Excessive Dilution.

SPQ's BoD currently wants to give away 19.9% of the Company, and with out Share Holder prior Approval, and just prior to the fast approaching AGM. WHY? SPQ is fully cashed up at present and NEEDS NO MORE CASH at this time.

Propagandists are posting frantically here to create panic and/or confusion among the less well informed Share Holders and the prospective new Share Holders. WHY?

These propagandists are ignoring the FACTS and stretching to implant unwarranted NON Needes in the minds of the less knowledgable type Investor. the propagandists do not and can not address the Relevant Facts nor properly answer pertinent Questions so they continue to attempt to Side Step these Facts and Questions.

Question: Why is it that SPQ is in so much hurry to complete a Buy In PP with out first seeking Share Holder prior approval. Remember, we are but 2 months away from the AGM. The AGM agenda has to be filed with Regulatios within the month.

Also note, SPQ Does NOT NEED the proposed PP Cash to complete this years commitments. The FWR JV Agreement no longer requires completion of a "Bankable Feasibility Study" and thus, NO NEED FOR Completing a NI 43 - 101.

What is it that FWR has in their Plans that has them pushing for ONLY Drilling and NO NI 43 - 101.

Recall, FWR intends to SELL their Interests in the Ring of Fire! Thus no more need for a "Bankable Feasibility Study" on ANY OF THEIR RoF Properties!!!

Put it all together!

STOP THE proposed PP. Stop it NOW!

Old Joe