My Theory...

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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traderguy123

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My Theory...

posted on Mar 14, 2009 07:43AM

There's only one explination that makes sense to me as to why this has been done. We have been sold. A price has been agreed to in principle. There is no need for a new CEO to make the decision to continue the Agoracom relationship because there is no need for a new CEO. If this is the case, I don't see the sales price being any higher than $3/share in the current economic environment.

For the record, I am not happy about the Agoracom decision, nor would I be happy with $3/share. The company is worth so much more with addtional drilling and in the right economic environment.

I am just trying to find the most simple and rational explination for this irrational decision. The simplest explination is usually correct.