Re: NOT's predatory pricing

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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Deke

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Re: NOT's predatory pricing

in response to

Re: NOT's predatory pricing

rapidrob

posted on Oct 07, 2009 08:52AM

Earlier yesterday you could have sold 4 NOT and bought 17 FWR. NOT was trading up to 1.77, FWR at 0.39. By the close, the discount disappeared, NOT @ 1.61, FWR @ 0.40.

This morning (8:50 am), NOT is indicated @ 1.74 bid/ask, FWR @ 0.40. If the numbers hold on opening, the same discount (or premium, depending how you look at it) could be available. Your downside risk is that the deal could fall through, and FWR goes back to a lower trading range.