Re: Posting on Spider Forum

Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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ReadyZed

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Re: Posting on Spider Forum

in response to

Posting on Spider Forum

RockLicker

posted on Jun 08, 2009 07:59PM

I read this too and it's very interesting....

3) The Freewest announcement of the buy-in by Cliffs was a surprise. With regards to the Freewest Option, Neil worked last weekend with SPQ's legal counsel on a new agreement with FWR & KWG. Something new is coming down the pipe but Neil couldn't tell me anything about it. I asked if details would be revealed at the AGM. He said only if it had been signed by the other parties. By the way, KWG is putting some pressure on SPQ with regards to drilling. KWG has some money, SPQ hasn't much. KWG is obviously no longer a diamond focused company. I should also note that work with IBK Capital on the private placement continues, but it seems many investors want warrants too.

My tough is after the SPQ agm onthe 11th, everything will be set for the next step for the ROF.