Re: Spoke to Mr Richard Nemis today. here are my notes

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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Old Joe

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Re: Spoke to Mr Richard Nemis today. here are my notes

posted on Sep 18, 2008 12:02PM

As for some sort of trust returning to the markets m므aybe more of the following will act as but another good stick to assist in the instillation of the trust stuff. Now, if only more and more out there could finally start to see what is REALLY in their own self best interest.

Here is for hoping the greed games come to an end.

Old Joe

California, New York Funds Won't Lend Goldman, Morgan to Shorts

By William Selway

Sept. 18 (Bloomberg) -- The three largest U.S. public pension funds said they will stop lending Morgan Stanley and Goldman Sachs Group Inc. stock to short sellers after the shares plunged amid a crisis of confidence in the firms.

The California Public Employees' Retirement System, the largest U.S. pension fund, and the New York State Common Retirement Fund decided to stop making the stock available to those seeking to profit when the shares drop. Their action follows a similar move yesterday by the California State Teachers' Retirement System, which called on 60 other investment managers to follow its lead.

``This speculative selling has put downward pressure on the entire stock market and threatens to drive our national economy deeper into decline,'' New York Comptroller Thomas DiNapoli said in a statement. ``By removing some of the fuel that is feeding this speculative fire, my action is intended to bring stability and rationality back to our equity markets.''

The two investment banks, the largest remaining independent securities firms in the U.S., have fallen eight straight days, and yesterday tumbled the most-ever in New York trading after the collapse of Lehman Brothers Holdings Inc., the proposed sale of Merrill Lynch & Co. to Bank of America Corp., and the government rescue of American International Group Inc. stoked investors concerns.

Besides Goldman and Morgan Stanley, the New York fund will also stop lending shares of 17 other banks and brokerages, removing a total of more than 105 million shares from its lending program, DiNapoli said, without naming them.

To contact the reporter on this story: William Selway in San Francisco at wselway@bloomberg.net;