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: Rosseau nearly bankrupt
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Rosseau nearly bankrupt

posted on Nov 20, 2008 06:11AM

Rosseau is facing further redemptions in the market place, uncertain if they will survive until Financial Year End.

They will finally not participate in the PP themselves, that's why we fall short in filling the book, if Rosseau will go down, watch our SP come closer to 0.20. That's less than 1/5 of the SP right after WF.

BTW they could not have know that the storm would be as big as it is. For sure a big surprise to them. We will wether the storm and come out of it untouched, Retail will win in the end.



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