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: Contingency plan
4
Oct 15, 2008 06:12PM

Hi cs. You contingency plan sounds dangerous to me. It sounds like we are weakening our hands or throwing in the towel before the vote even happens.

I'm a bit curious why you would put 1 and 2 in your listing. None of the shareholders are fighting this to lose our holdings or to devalue them. We are fighting to keep our holdings and stop a hostile takeover of our management. This is something that happens in the investment world. We're ripe of the picking with everything as it is right now. We have to be proactive and give impression of weakness. Items 1 and 2 indicate weakness which gives them strength.

The legal action may be an alternative, but my fear is how long it would take, the expense and the eventual results if we are working with weak evidence. A lawyer might be a better one to comment on that. In any case my best comments regarding your post is to eliminate items 1 and 2 completly from the contingency plan and move forward from there. We are not weak...and our management team must know that. They will fight if they know we will support them to the end. Our strenght puts doubt in the advesaries minds. That is the point of any plan right now.

Al the best.

Mustangman

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Oct 15, 2008 06:26PM
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