share price?

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)

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Babjak1

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share price?

posted on Mar 12, 2008 05:47AM

I've been reading everyone's post and everyone is entitled to their opinion and it is up to everyone to do what they want.

My opinion is this:

(1) The group that invested $26 milllion has money. Lots of freakin' money.

(2) The warrants amount to a total amount of shares of 3,250,000. There were 4 major parties involved in the initial purchase. So lets take the 3.25 million and divide by 4. You get roughly 4 million each.

Why would they dump their shares which would result in panic so they could free up cash? Does this make sense? Not to me. Why shoot yourself in the foot and brain. If I were these guys I would exercise the warrants. The people with level 2 & 3 see the large purchase. I would then watch the share price go up since I am heavily invested in it.