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: Re: Question???..anb..
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Jun 17, 2010 10:57AM
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Jun 17, 2010 12:28PM

Jun 17, 2010 12:36PM

I try to be positive on this board when ever possible. The poster asked a question regarding the low share price and I felt I was giving him an honest answer regarding sentiment. Most of us that take part on the board are long on the stock and positive regarding our views overall. The Market however is not pricing Spider or KWG in a positive way regarding our future. To answer his question honestly you must see this situation from the perspective of the market. Or your interpretation of it.

I think if you look back far enough on the two boards you'll find the quote regarding a comment on the economics of the deposit was relayed to us by another poster.

The chances of Cliffs winning a 50.5% share of the company at .165 is very unlikely. But the chances of Spider winning a 2/3 rds majority for the amalgamation is far from certain as well.

Snug I think suggested or relayed in a post that Neil and Frank were working together but it was far from a love affair.

If you don't try and understand both sides of the argument for and against this investment then you are setting yourself up for a disappointment.

It was only a month ago that Snug suggested we had poor optics and were headed down to 5 cents.

I disagreed with his reasoning but not necessarily with his conclusion. If this offer had not come along from Cliff's I don't know where we'd be today.

As I said the post was my own opinion only.

Someone else can perhaps put the Market's pricing in better perspective.

A

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