HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Quite surprised????????
Reply New Message
Prev Message Back To Forum Threaded View Next Message

I think, Bay Street won this battle.

It looks like company does need money, but was scared with markets on January 2008.

The situation looked like there was no possibility to find any money for exploration on thumbling market. In this situation management took an opportunity to get more less nice offere for PP.

I understand, if you are not in the financials at the top level you can not predict accurate enough the future markets' moves, but you need money for explorations.

I don't like this deal, but it was inavitable.

2 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply