Re: D12
posted on
Mar 16, 2009 08:45AM
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)
Aurelian needed to extend their offer 4 times to get to 90%. They also helped get themselves get over the 67% threshold by completing a dilute PP + having BoD grant themselves over 2 million options just prior to the vote.
The game was rigged at Aurelian before it started. Many of those same people sit on the NOT board and now they've shut out 78,000 investors.
That doesn't scare you?
But not putting faith in the happiness quotient of majors does scare you?
The company could have significantly mitigated share price erosion in the face of fewer results by creating and retaining confidence. Communications = confidence. Shutting out your largest shareholder base during a time of share price erosion and global markets erosion makes no sense at all. If you can provide an explanation, I'll listen.
I don't understand your position but I respect it.
Regards,
George