Re: Majors involvement
in response to
by
posted on
Sep 27, 2008 12:51PM
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)
Stranger lets deal with the issue of,
"Would majors thought be keep price down for as long as possible so they could low ball an offer to shareholders so as they would vote to accept offer when possibly quite a few SH would be demoralized ."
Most company executives still try to run a class act. These companies rely on the juniors for most of the exploration and resource finds. What we have in the ROF appears to be a World Class resource. Trying to manipulate a junior would not be good for business. Quite frankly it would be counter productive. If low balling a junior became a norm these Majors would essentially kill exploration. The message would be, don't tell us anything until you know the complete resource you have for sale. Juniors need money and raise it by proving up a resource. In fact most majors are more than happy to assist in proving up a resource and this is where the 10% buy in comes from. When this happens the Major is saying you have our attention, we like what your finding , here is some money and I think we can do business in the near future(a buy out). In the end the majors are willing to pay for a product based on a sound business model.
The issue on share price manipulation is purely a stock market issue. It is day traders, shorters, brokers, fund managers and all the other people speculating on the every day price and making their money on the ups, downs and the final, buy out, that causes the share price to be where it is at.
We the retailer are affected today, primarily by the American Financial crises playing out. I also think we NOT holders can say, we were victims of the Market manipulation prior to the defining of the present crises. This caused us to be lower than we should have been when this market meltdown occurred hence our basement bottom price as it stands.