I haven't looked recently to see how many SPQ shares Neil has. However, I know he bought a bunch at 17 cents.
Put yourself in Neil's shoes as the Spider Resources CEO. 30 cents for an SPQ share? If I was wearing his loafers? Sitting on a pile of chrome, nickel, and PGEs? And we haven't got the faintest idea of its true extent. Nothing less than $3, I say.
And I don't care how many shares are outstanding. :) Let the bidding war begin.
Snug