Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: ... Spider's MD&A...

Re: ... Spider's MD&A...

posted on Apr 14, 2010 03:38PM

"consider developing the deposit

through to commercial production or to sell its interest at a favourable price once an independent valuation

has been determined to ensure fairness "

To take one small snippet from your selection, Kelsee, the above stands out in my mind.

If the recent positive action on the share price was any indication of what is to come,this statement could be the important one.

If CLF had started negotiations with KWG/SPQ, causing the SP to spike as it did, but NN and crew opted to wait for the 43-101 report to provide a fair estimate of value, and CLF agreed to back off until then, we would likely find ourselves sitting in exactly the position we are. Treading water, with someone who knows picking up share after share on the open market.

If half of the traded shares are being picked up by one entity, they will have a majority holding within another 30 days.

I am predicting another run when the 43-101 report comes out, hopefully not until the end of the month, when all my flo thru shares from year end become free trading.

Best regards

K

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