Re: What is happening?

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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Francis Dube

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Re: What is happening?

in response to

What is happening?

From_Sudbury

posted on Jul 06, 2009 06:35PM

There is no PP coming!! Our burn rate is down to 1.5M per month and we should have enough money to last till next June. Of course we do not want to wait for the cupboards to be bare but going to market right now is non sense. Hole 49 is a Barn Burner and when assays are in, it will take a lot more than 2 million shares to hold down the price.

BMO with some help from National were responsible for most of the selling today. Most houses were net buyers. BMO is frustrating us but we have waited almost 2 years for this, a few more weeks will not kill us.