Re: Control/Excellent post

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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Peter Marshall

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Re: Control/Excellent post

in response to

Control

From_Sudbury

posted on Nov 15, 2008 10:45AM

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.