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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Message: Re: If Rousseau gets control - bluespruce... Jean
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Oct 11, 2008 01:35PM
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Oct 11, 2008 02:00PM
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Oct 11, 2008 02:10PM

Why sell at $4.00?

First, I don't believe Rosseau will be able to drive the price up any faster than NORONT. I am not sure why people are making this assumption. But should the price increase hedge funds will be under great pressure to sell.

Hedge funds have a continuing need to raise cash to pay off their investors who are demanding cash. They are not is a position to be patient.

BK

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Oct 12, 2008 05:05AM
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