Re: To All
posted on
Oct 17, 2008 08:10AM
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)
Thanks for the "fair and balanced" approach, D12. You've made a lot of great contributions to the board, and we all appreciate it. The one thing I would like to say though, is that the mind-set and manner in which Rosseau, Pinetree and Sprott operate will end up making a big difference to us small-time shareholders in what we gain out of this deal if they win the proxy fight.
These outfits have consistently made their living my day-trading type strategies, trying to get a penny here or a dime there and then selling off and trying the same with a new company the next day or week; or by shorting a company and driving down the price and making more money the lower the price gets driven down.
Most of us retail investors cannot compete with that. We don't have access to the "good ol' boy network" among traders and funds to get inside information, and to cleverly coordinate shorting attacks upon select companies and make fast cash in a week or two. We have to wait months or years, typically, to make a 3 fold or 4 fold gain.
Bottom line is that if Rosseau and their allies win this proxy fight, they will be focused on getting quick cash, so that they can have new funds to start playing their games again with some other company. These funds are predators, and us retail investors are the herd. If we band together, maybe we will have enough votes to win. But I don't think we should become complacent about it, and think that either way it goes, the results will turn out pretty much the same.