Re: Control/Excellent post/resend due to cut-off
in response to
by
posted on
Nov 15, 2008 10:53AM
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)
Posted by: Peter Marshall on November 15, 2008 03:45PM
In response to: Control by From_Sudbury
FS
I think that the control percent is /will be 50%+1 at the closing of 100% of the planned PP (25M shares). This includes the McEwan and Lassonde shares. Interim retail share purchases+ unexcercized options would be additional to the 50%+1 target.
I think that the FT PP was deliberately and strategically planned to achieve the control goal as an immediate action post the AGM. Speed was/is of essence.
IF..... the 100%PP goal is successful (we'll know next week, if 80 to 100% successful), with the balance, if any, taking a little more time.
THEN...watch for the orchestrated announcements we have been waiting for. ..... and an udesirable Major overature can be ignored.
Orchestration step 1 might include the TSX listing.
JMO
Peter