Well, I suspect Vale is interested as well. And I would even welcome a 50% premium bid, but not because I want to sell at $1.85. I would welcome it because it would likely start a bidding war.

Lets be realistic here. We have $30 Billion in recoverable metals. If it only costs $860 million to build the mine, then a mere billion dollars could get Vale, Glencore, Xstrata, or dozens of smaller players a screaming deal. NKL shareholders would be getting ripped off like you wouldn't believe, congrats on your thievery by the way 'Anon', but I don't think too many current longs are saying no to a 100% premium on NKL if it happens next week. (A 100% premium is obviously $2.50/sh which would be a $140M takeover offer)

Yup, a single billion could get you a fully paid for mining operation, a resource with $30 billion in recoverable metals - not including the exotic metals, rhodium, osmium, etc, which for some crazy reason JL left out of the June PEA. The same PEA that he unbelievably released to the world shortly before the open and without a halt! Plus we've drilled just a small portion of the deposit. It could be much larger. You also get the UMJ assets that JL spent $6? million on and wound up semingly destroying (part of?) the $210 million in market cap lost since then. NKL was well over $4 this spring before that highly questionable decision was announced. If he puts the PEA out on time, in Q1, instead at the end of Q2, NKL probably shoots up into the $6 to $10 range from the $4.25 ish it peaked at this spring. I expected the full quarter delay was going to be due to the inclusion of the exotic metals - like Rhodium and Osmium - but since that was left out, after it was inferred that these metals could add 50% to the total revenue model - I just have to wonder why the 3 month delay? Why JL why?

So here we are. A buck 25. Under attack for two weeks non-stop, by Anon, never letting his foot off NKL's throat even for an hour. Burning probably half a million shares just to get it this low. Clearly their half million could have easily been sold into the market much higher, and thus, there must be a reason they are going to this expense. They expect to be paid. Are they being used to lower the 30 day average price for a cruddy takeover offer? Or is it just a manipulator trying to force a financing deal at a stupidly low price out of JL?

Either is a reasonable explanation to justify burning so many shares. If Anon, or (name your financier - Sprott?) gets $10 million worth of shares and some warrants out of JL down here, then merely lets the price rise back to where it was trading just four weeks ago, i.e. 100% higher, they've probably made $15 million less the 1/2 million they've burnt driving it this low. And this, my fellow longs, is a BEST CASE SCENARIO. Very profitable for whomever is behind the Anon selling. Again, name your possible financiers. If the short report in a few days shows a short total jump, I'll be pretty sure who is behind this. As for the shorts, they were virtually cut in half in the last bi-monthly update, to almost nothing, so I question if this scenario is the one being played out right now.

The more disturbing possibility is one of the mega miners is taking a run at NKL and trying to pick us up for less than a 100% premium. A mere 56% premium would put us back to 1.95, where we were trading just 2 weeks ago. That should be hugely unacceptable, but I'd welcome it if it was able to create a bidding war.

My advice to JL would be to tell em both where to stick it. Make some announcement about NKL being grossly undervalued at these prices and that he won't do the shareholders the disservice of seeking financing at these levels. Tell the world, JL, that you would rather sell the company instead. Then spend the next month ADVERTISING what a great resource you have here. The story clearly isn't out there at the moment.

For pete's sake, we have about as much Nickel here as Sherritt has in their whole Madagascar multi-billion dollar CapEx project - of which Sherritt only owns 40% vs our 100% ownership of Wellgreen. (2.64B lbs Ni vs 2.75B lbs. Ni) And Nickel is just a fraction of the many metals in the Wellgreen deposit - 2.6 billion plus pounds of Cu + Co, and 12M+ oz PGM+Au. And it is in the Yukon! Not some politically unstable country. Vale may want us, but Sherritt should be the one spending the $150 million to steal this project. That isn't even 4 quarters of their current quarterly profit, and they haven't even started making money in Madasgar yet. They have close to $500M in Cash and equivalents. It would be easy for them. They could more than double their nickel resources for pennies on the dollar. (2.5x increase of their Madagascar Ni Resources) And that is just one example company. There are dozenss of companies that should love to have a chance to bid for all of NKL. If John Lee can't even get two or three of them interested, then that is just pathetic.

Do your job John Lee and act on the behalf of all of Prophecy Platinum's current shareholders.

This one is for you MB.

Also, everyone, myself included with this post, are saying the things 'Anon' wants to see today. I.e. acceptance of either of these two scenarios I mentioned above. But don't accept it. Insist on protection of your investment by John Lee, and insist on a nice high price if the company is sold.

PS Lundin refreshes buy of Prophecy Platinum